2347 E Somerset Street, Philadelphia, PA 19134

Property Description

Surrounded by new construction, this 2-building property is a prominent corner mixed-use duplex at 2347 E Somerset, anchored by a long-term wing shop tenant paying $3,500/month NNN, with 6+ years remaining. The commercial tenant also uses the basement for office space, a half bath, and yard access for trash storage. The second-floor apartment is a freshly renovated 2-bedroom with a private deck, washer/dryer, dishwasher, central air, and all-new finishes; it is currently rented for $1,540/mo. This is an excellent pure investment play and an opportunity to own the adjacent properties. Owning the adjoining property simplifies commercial management, and the location offers easy access to I-95, local retailers, and major shopping centers. Can be purchased as a package with 2343 & 2345 E Somerset St. New sewer line to the street, new fire alarm system, and new security alarm system.

Property Features

Local Schools