6522 LEBANON AVE, Philadelphia, PA 19151
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6522 LEBANON AVE, Philadelphia, PA 19151
6522 LEBANON AVE, Philadelphia, PA 19151
6522 LEBANON AVE, Philadelphia, PA 19151
6522 LEBANON AVE, Philadelphia, PA 19151
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Rick Sanderson Jr

Rick Sanderson Jr

+1(856) 905-0830
Listed by Alex Molinski • Elite Realty Group Unl. Inc.
$ 1,099,000
Est. payment /mo
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Price Dropped by $49K

6522 LEBANON AVE Philadelphia, PA 19151

5,369 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2669256

Year Built 1925

Annual Tax Amount $8,432

Tax Year 2025

Lot Size 5,369 Sqft

Acres 0.12

Lot Dimensions 48.00 x 99.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

FULLY OCCUPIED MIXED-USE 8 UNIT PROPERTY| 9.7% CAP RATE | $11,282/MO INCOME | ***** A rare chance to acquire a mixed-use 8-Unit portfolio with immediate income delivering Powerful 9.7% Cap Rate with room to increase | 3 adjacent buildings on same Deed ****Prime CMX-2 Mixed-Use Investment Opportunity in Overbrook Farms section of Philadelphia. **Invest in immediate cash flow with this stabilized, fully leased 8-unit portfolio asset offering 6 apartments, 1 medical/rehabilitation center and 1 daycare facility. **Anchored by established commercial and residential tenancy, this commanding stone corner property delivers a powerful 9.7% Capitalization Rate from Day 1. **Fully rented with a proven track record of high occupancy. Meticulously maintained stone masonry structure. **CMX-2 zoning offers maximum flexibility for retail, medical office, and residential density. Situated in the heart of Overbrook Farms, a high-density neighborhood with strong demand for local services and housing and easy access to some of the region's best outdoor areas such as Fairmount Park. Just a short drive to City Line Avenue, St. Joseph's University and Lankenau Medical Center. This is a rare opportunity to acquire a high-performing asset in a high-barrier-to-entry market. Perfect for 1031 Exchange buyers seeking passive income.

Location

State PA

County Philadelphia

Area 19151 (19151)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Other, Hot Water

Cooling Central A/C, Window Unit(s), Ceiling Fan(s)

Flooring Ceramic Tile, Hardwood, Laminated, Tile/Brick

Heat Source Natural Gas

Exterior

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available

Water Access N

Accessibility Other

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 344048405

Ownership Fee Simple

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Rick Sanderson Jr

Rick Sanderson Jr

Agent License ID: 0790603

+1(856) 905-0830

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6522 LEBANON AVE

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