Most Realtors and appraisals will value parking in Center City Philadelphia for up to $40,000 to $50,000. Here is a chance to own parking for $25,000 in an established building where there is 24/7, 365 days a year valet, climate controlled floors, ATM machine and an immediate walking distance to thousands of residences and commercial stores. This is one of the most desirable parts of Philadelphia !
We have been marketing the Old City Parkominium and its interest is starting to grow. The location is one of the premier parts of Philadelphia as can be seen to the left. This is an excellent opportunity for both residents to own parking and investors to invest in Old City without having to buy a $300,000 condo !
The Parkominium has covered parking listed for $25,000. The prices are expected to increase in July 2009. The parking is either used for residents or local business owners as well as investors who rent them out. The current rents are $175. What investors love about the opportunity is that the investment is maintenance free and there is rarely any vacancies due to the great demand of tenants. No evictions either !
The building offers 24/7, 365 days a year valet and 24/7 secured parking that is climate controlled. The valet attendents will always bring the cars up and down one of the 2 elevators. There are also spots available on the ground floor.