119 N 11th St, Philadelphia, PA 19107

Property Description

Rare opportunity to acquire a mixed-use property in the heart of Chinatown, Philadelphia, one of the most vibrant and sought-after neighborhoods in Philadelphia. This versatile building features four residential units and one street-level commercial storefront, offering strong income potential for both investors and owner-operators. The property includes two spacious 2-bedroom apartments and two 1-bedroom apartments, along with a ground-floor retail space currently occupied by a mini-mart with a long-term lease. The commercial tenant pays $3,000/month plus one-third of the real estate taxes and one-third of the property insurance, providing a stable income stream. One 1-bedroom unit is currently rented for $800/month on a month-to-month lease, while the remaining residential units are vacant after being previously occupied by family members, offering immediate value-add potential for new ownership. With rental demand in the area strong, 2-bedroom units in the neighborhood commonly command $1,500–$1,800 per month. The property does require some updates, presenting an excellent opportunity for investors to renovate, increase rents, and maximize returns in a prime Center City location surrounded by restaurants, shopping, and convenient transportation. For additional information or to schedule a showing, please contact the listing agent.