UPDATED:
11/26/2024 05:18 PM
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,985 sqft
Price per Sqft $224
MLS Listing ID PAPH2414514
Style Straight Thru
Abv Grd Liv Area 2,985
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $4,582
Tax Year 2024
Lot Size 1,040 Sqft
Acres 0.02
Lot Dimensions 17.00 x 78.00
Property Description
OVERVIEW:
This fully occupied multi-unit property presents a unique investment opportunity in the heart of South Philadelphia. Boasting two spacious three-bedroom residential units and a fully equipped commercial space ideal for a restaurant, this property is perfectly situated on a bustling commercial corridor. Also eligible for Philadelphia's forgivable loan program.
RESIDENTIAL UNITES
Two 3-Bedroom Units -Each unit features a modern layout, ample natural light, and attractive finishes. Ideal for families or young professionals, these units provide comfortable living spaces with well-appointed kitchens and bathrooms.
Fully Occupied: Both residential units are currently leased, providing immediate rental income and a solid return on investment.
COMMERICAL SPACE
Restaurant Ready - The commercial unit is fully equipped with brand new restaurant-grade kitchen equipment, ready for your culinary vision. This space features an open layout that can accommodate a dining area, allowing for a vibrant dining atmosphere.
Prime Location- Located on a busy commercial corridor, this space benefits from high foot traffic and visibility, making it an excellent choice for a new or expanding restaurant, with extra storage in the basement.
PROPERTY FEATURES
Total Units: 3 (2 residential, 1 commercial)
Location: Conveniently positioned in South Philadelphia, close to public transportation, major highways, and local attractions on the corner of 7th and Moyamensing
Investment Potential: With two residential units and a commercial tenant, generating consistent income this property offers a fantastic investment opportunity in a thriving neighborhood.
Don’t miss out on this exceptional property that combines residential and commercial potential in a highly sought-after area. Schedule a viewing today to explore the possibilities!
Location
State PA
County Philadelphia
Area 19148 (19148)
Zoning CMX25
Interior
Hot Water Electric
Heating Radiant
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871555480
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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