1216 South Street
1216 South Street
$849,900
4
4
2,832
2,832
$300
Active Under Contract
Description
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...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!
- Listed by Stephanie Saracini • RE/MAX One Realty - TCDTP: 2092060256 stephaniesaracini@gmail.com
- Listed by Neil P Dessecker • RE/MAX One Realty - TCDTP: 2152411156 neil.dessecker@gmail.com
Property Details for 1216 South Street
Tax ID Number
871047400
OwnershipFee Simple
Structure TypeOver Storefront
StyleTraditional
WaterfrontNo
GarageNo
SubdivisionWASHINGTON SQ WEST
SubdivisionWASHINGTON SQ WEST (PHILADELPHIA PA)
Location
LISTING UPDATED: 05/28/2024 11:08 AM
Property Details for 1216 South Street
Status | Active Under Contract |
---|---|
MLS # | PAPH2350376 |
Days on Market | 14 |
Taxes | $9,213 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2006 |
Lot Size | 0.03 AC / 1,119 SF |
County | Philadelphia County |
Building
Location
Building Information for 1216 South Street
Stories3Residences-Year Built2006Building Size-Lot Size0.03 AC / 1,119 SF
Payment Calculator
$5,406 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1216 South Street
Property History for 1216 South Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1216 South Street
Taxable ValueLand$131,600Additions$526,600Total$658,200
Tax Record2023$9,213 ($768 / month)
Home Facts
Total Finished SqFt2,832 SqFtAbove Grade Finished SqFt2,832 SqFtStories3Lot Size1,119 SqFtStyleOffice BuildingYear Built2006ZoningCMX2CountyPHILADELPHIAAPN87-1-0474-00
Schools near 1216 South Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Fanny Jackson Coppin School PublicPK to 8 | ||
Furness Horace High School Public9 to 12 | ||
Academy At Palumbo Public9 to 12 | ||
Creative And Performing Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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