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Map
$849,900
●
Multifamily -
In Contract
1216 SOUTH ST
PHILADELPHIA, PA 19147
Studio
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
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
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Good
Year Built Source: Assessor
Building Information
Other Structures: Above Grade
Structure Type: Over Storefront
Construction Materials: Masonry
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 15.00 x 75.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $658,200
Financial Details
City Town Tax: $4,157
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $658,200
Tax Year: 2023
Tax Annual Amount: $9,213
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Central
Cooling Fuel: Natural Gas
Heating Fuel: Natural Gas
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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
-
Sold
Townhouse
3
Beds
3
Baths
1,920 ft²
$393/ft²
$755,000
Apr 15, 2022
$755,000
Aug 1, 2022
-
Sold
Townhouse
3
Beds
3
Baths
2,133 ft²
$393/ft²
$837,500
Aug 15, 2022
$837,500
Jan 31, 2023
-
In Contract
Townhouse
3
Beds
3
Baths
1,550 ft²
$548/ft²
$849,900
Mar 25, 2024
-
-
In Contract
Townhouse
4
Beds
3
Baths
2,224 ft²
$427/ft²
$950,000
Apr 6, 2024
-
-
In Contract
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
About Center City
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