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795 S 3RD ST, PHILADELPHIA
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Prominent corner property w/ renowned "Dimitri's" restaurant as 1st flr tenant w/ the use of the entire bsmt as a clean preparation & storage area. The 2nd and 3rd flrs consist of 2 lg 1 BR apartments w/ a separate entrance on Catharine St that could be converted into a spectacular BiLevel apt w/ a roofdeck. This property represents a unique investment opportunity as an income producing property as well as an owner occupied residence w/ rental income and/or business. Current rental income is: 1st Flr: 3,000, 2nd Flr: 950, 3rd Flr: 895. Please note Heat is included in the rent. 2nd & 3rd Flr unit pays for their cooking gas & electric.There is one heater for the building.The property has oil heat-250 a month average. The heating bill is an arrangement the owner has w/the Restaurant (they pay the heating bill). Likewise, the restaurant pays the hall lighting.There is no house meter.Fire system has just been upgraded & certified w/ the City. Insurance $3,500/Yearly. Water $300/M. Sq Ft includes Basement.
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