Fenced Lot with Income
3609 North 2nd Street, Philadelphia, PA 19140
Fenced lot with month-to-month tenant, generating $63K yearly income.
Type:Land / Fee Simple
- Added:
- Apr 30, 2025
- Days on Market:
- 398
- Last Refresh:
- Mar 13 at 4:40 pm
Property Features for 3609 North 2nd Street
General Information
- Standard status
- Active
- Property subtype
- Land / Fee Simple
Listing agent Richard K Cassell License #RS330536 (267) 813-2985
Listing office KW Empower (267) 813-2985
Listing date Apr 30, 2025
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
HighLights
- High income potential: Current month‑to‑month tenant generates $63,000/year.
- Estimated value of $650,000 suggests a strong capitalization rate (9‑10% on current income).
- Potential for increased income through long‑term lease agreements and rent escalations.
- Rear access from warehouse provides logistical advantages.
- Side access from 2nd Street enhances accessibility.
- Rear fenced lot offers security and potential for various uses.
Overview
The property at 3609-11 N 2nd St is a rear fenced lot currently generating income from a month-to-month tenant at $5,250 per month, equating to $63,000 annually. The estimated value is approximately $650,000, reflecting a 9-10% capitalization rate based on the current income. There is potential for increased income through a long-term lease with rent escalations. The lot is part of a larger portfolio package. It features rear access from a warehouse and side access from 2nd Street. The property is located in Philadelphia, within MLS Area 19140, and is part of the PHILADELPHIA CITY School District.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.128917
- Latitude
- 40.003437
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Fenced lot with month-to-month tenant, generating $63K yearly income.
Where is this commercial land located?
The property is located at 3609 North 2nd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: High income potential: Current month‑to‑month tenant generates $63,000/year.; Estimated value of $650,000 suggests a strong capitalization rate (9‑10% on current income).; Potential for increased income through long‑term lease agreements and rent escalations.
