Check Availability
$849,900
Multifamily - In Contract

1216 SOUTH ST

PHILADELPHIA, PA 19147
bedrooms
Studio
bathrooms
0 Bath
$4,174
Estimated Monthly

About This Property

This is your opportunity to own a triplex in an incredibly convenient location! The building consists of two nearly identical 2 bed/2 bath units on the 2nd & 3rd floors, with a versatile 15 foot wide commercial space on the first floor ready to capture an immense amount of vehicle and foot traffic. When fully occupied, this property produces a solid 6% cap rate and net cash flows of nearly $4,300/mo (P&L included in the documents tab). The 2nd/3rd floor apartments are leased and the 1st floor commercial space has been prepped and is now ready for a new tenant. The commercial space is currently listed for rent, but the unit can be delivered vacant if the buyer wishes to operate their own business out of the 1st floor. The upstairs apartments span the entire length of the building and have ideal barbell layouts with the bedrooms on opposite ends of the apartments. These units check all the boxes with Central AC, in-unit laundry, and dishwashers. Each bedroom has its own dedicated full bathroom, with the large kitchens, dining rooms, and living rooms in between.  Once you step outside of the apartments the location almost can't get any more convenient as evidenced by the WalkScore of 97 and TransitScore of 100! Not only is the location surrounded by bus routes (45 NB/SB & 40 EB/WB), but its also < 2 blocks from the Broad St. Line subway. It's also one of the unique areas in the city with multiple large grocery stores within a couple blocks as well; Whole Foods & Acme. Not to mention the nearby local favorites Roxanne BYOB, Jiggy Coffee, Brauhaus Schmitz, Angelo's Pizzeria and so many more!
Unit Size
-
Days on Market
-
Land Size
0.03 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$768
HOA Dues
-
Year Built
2006

Listed By

Stephanie Saracini
Stephanie Saracini
RE/MAX One Realty - TCDT
Neil Dessecker
RE/MAX One Realty - TCDT
Last updated: 24 hours ago (Bright MLS #PAPH2350376)

Price History

Date / Event Date Event Price
May 28, 2024 In contract -
In contract
May 15, 2024 Listed by RE/MAX One Realty - TCDT $849,900
Listed by RE/MAX One Realty - TCDT
Feb 15, 2008 Sold to Associates Llc Houtan $825,000
Sold to Associates Llc Houtan
Aug 11, 2005 Sold to Lou Llc Phong $58,223
Sold to Lou Llc Phong

Property Highlights

Air Conditioning
Parking Details
Parking Features: None
Interior Details

Interior Information

Interior Features: Wood Floors, Sprinkler System, Store/Office
Flooring Type: Hardwood
Living Area Square Feet Source: Assessor

Basement Information

Has Basement
Drainage System, Sump Pump, Unfinished

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$650,000 Mar 9, 2017
$650,000 Jul 3, 2017
-
Townhouse
3 Beds
3 Baths
2,300 ft²
$351/ft²
$807,000 Jun 23, 2017
$807,000 Oct 5, 2017
$710/mo
Townhouse
3 Beds
3 Baths
2,226 ft²
$364/ft²
$810,000 Sep 5, 2017
$810,000 Mar 1, 2018
$59/mo
Townhouse
3 Beds
3 Baths
1,968 ft²
$424/ft²
$835,000 Oct 27, 2023
$835,000 Jan 4, 2024
-
Townhouse
3 Beds
3 Baths
1,920 ft²
$393/ft²
$755,000 Apr 15, 2022
$755,000 Aug 1, 2022
-
Townhouse
3 Beds
3 Baths
2,133 ft²
$393/ft²
$837,500 Aug 15, 2022
$837,500 Jan 31, 2023
-
Multifamily
Stu
-
-
$995,000 Nov 13, 2023
-
-
Multifamily
Stu
-
2,808 ft²
$308/ft²
$865,000 Apr 19, 2024
-
$782/mo
Multifamily
Stu
-
2,451 ft²
$312/ft²
$765,000 Apr 19, 2024
-
$527/mo
Townhouse
3 Beds
3 Baths
1,550 ft²
$548/ft²
$849,900 Mar 25, 2024
-
-
Townhouse
4 Beds
3 Baths
2,224 ft²
$427/ft²
$950,000 Apr 6, 2024
-
-
Townhouse
4 Beds
3 Baths
1,911 ft²
$432/ft²
$825,000 Apr 26, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

1216 South Street 1216 South Street, Philadelphia, PA 19147
  • 1 Unit for Sale
More about this Building
1216 South Street
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