2323-2325 Mifflin St
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2323-2325 Mifflin St
2,632 SF 100% Leased Retail Building Philadelphia, PA 19145 $690,526 CAD ($262 CAD/SF) 9.76% Cap Rate
Investment Highlights
- Commercial - Mixed Use
- Public Sewer, Public Water
- Renovated 2023
Executive Summary
Here is the perfect opportunity to add to your investment portfolio in booming Point Breeze. This 2632 sq.ft corner property offers the remainder of a 10 Year Tax Abatement so no need to worry about the reassessments. The entire building is completely renovated and boasts modern finishes throughout. The building is comprised of a commercial first level and two stunning units on the second floor. The commercial space is open concept, has a backyard patio and includes the basement for additional storage needs. Both upper units are 1 bedroom 1 bath and both are currently rented for $1099 and commercial property is rented at $2000 - total is $4198/month - $50,376 annually.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$67,377
|
$25.60
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $67,377 |
| Annual Per SF | $25.60 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,632 SF
Building Class
C
Year Built/Renovated
1920/2023
Price
$690,526 CAD
Price Per SF
$262 CAD
Cap Rate
9.76%
NOI
$67,377 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.63
Lot Size
0.04 AC
Zoning
CMX2 - primarily intended to accommodate neighborhood-serving retail and service uses.
Frontage
40 ft on Mifflin
Amenities
- Bus Line
- Corner Lot
Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 871000174 | Improvements Assessment | $344,663 CAD (2025) |
| Land Assessment | $86,166 CAD (2025) | Total Assessment | $430,829 CAD (2025) |
PROPERTY TAXES
Parcel Number
871000174
Land Assessment
$86,166 CAD (2025)
Improvements Assessment
$344,663 CAD (2025)
Total Assessment
$430,829 CAD (2025)
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2323-2325 Mifflin St
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