1216 South Street, Philadelphia, PA 19147 (MLS # PAPH2350376)


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!

DAYS ON MARKET 15 LAST UPDATED 5/28/2024
TRACT WASHINGTON SQ WEST YEAR BUILT 2006
COMMUNITY 19147 (19147) COUNTY PHILADELPHIA
STATUS Conditional PROPERTY TYPE(S) Multi Family

SCHOOLS
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School JACKSON ANDREW
Jr. High School JACKSON ANDREW
High School FURNESS HORACE


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Electric Water Heater
AREA 19147 (19147)
BASEMENT Sump Pump, Unfinished, Yes
BUYER'S BROKERAGE COMPENSATION 2.5
HEAT Central, Natural Gas
LOT 1307 sq ft
LOT DIMENSIONS 15.00 x 75.00
SEWER Public Sewer
STYLE Traditional
SUBDIVISION WASHINGTON SQ WEST
TAXES 9213
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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*Estimate only

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Updated: 1st October, 2018 1:16 PM.

Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Updated: 21st October, 2019 2:34 PM.