5018 W Thompson St, Philadelphia, PA 19131

$299,900

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List Price: $299,900
Price Change: ▼ $29,600 1784604387
Days on Market: 19
Status: ACTIVE
MLS#: PAPH2638908
Lot Size (Acres): 0.03
Year Built: 1925
County: Philadelphia
School District: Philadelphia City

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Property Description

Fully renovated mixed-use opportunity just one block from Lancaster Avenue. This CMX-2 property features a highly visible commercial storefront with approximately up to 800 square feet of usable space, including a partially finished lower level, plus a beautifully renovated residential unit above. The residential unit offers 3 bedrooms, 1 bathroom, a modern kitchen with granite countertops, laundry hookups, mini-split heating and cooling, and a heated finished attic providing additional living space with potential third-bedroom use. Extensive renovations include a new roof, HVAC, electrical, plumbing, flooring, drywall, trim, doors, kitchens, bathrooms, and replacement windows. Property will be delivered vacant, allowing the next owner to lease at market rates. Projected rents of approximately $2,500/month for the commercial space and $1,830/month for the residential unit provide strong income potential in one of West Philadelphia’s most active growth corridors. Ideal for investors, owner-occupants, or entrepreneurs seeking to operate a business below while living above. Owner-occupants may offset a substantial portion of their housing expense through commercial rental income or occupy the commercial space while generating residential income..

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