2316 South Street

Philadelphia, PA 19146

$999,999
Price
Beds
2,816 Sq. Ft.
$355 / Sq. Ft.
2,816
Sq. Ft.
$355
per Sq. Ft.

Property Details for 2316 South Street

StatusPending
MLS #PAPH853526
Year Built1915
DOM9
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Lot Size0.03 AC / 1,336 SF
Taxes$7,661 / year
Condo/Co-op Fees-
HOA Fees-
CountyPhiladelphia County

Listing Agent

Contact Agent(s)

Property Details for 2316 South Street

Subdivision
FITLER SQUARE
Municipality
PHILADELPHIA
Ownership
Fee Simple
Style
Traditional
Structure Type
Row/Townhouse
Basement
Yes
County Name
PHILADELPHIA PA

Description

Located on one of Philadelphia's most vibrant blocks in the incredibly dynamic Fitler Square area, 2316 South is a triplex that offers tremendous rental upside, long term cash flow and appreciation. Blue chip amenities and neighbors on the block include Amazon, Chase Bank, Amrita Yoga, Heirloom by Giant, South Square Market, Toll Brothers and Petco. Recent capital improvements include: new rear roof, new exterior paint and trim (curb appeal), new exterior lighting, new vinyl flooring, reconstruction... of Unit 2, framing, drywall and juliet balconies for upper units. Significant investment opportunity awaits for an owner willing to cosmetically enhance all 3 units with new kitchens and bathrooms. Apartments in such a desirable, walkable location will rent themselves as follows: 2000 to 2150 per month for 2bd apartments and 1600 per month for 1bd apartment. The building consists of two (2) 2bd x 1ba apartments and one (1) 1bd x 1ba apartment. Units 2 and 3 were recently occupied prior to remodel. Unit 1 is on lease until February 2020 and it has access to a tranquil rear courtyard and full unfinished basement for storage. All units are individually metered. Central air throughout. Plenty of charming original features include: exposed brick walls, wood beams, and a lofted bed in Unit 3 (in addition to full bedroom). Starbucks, Wawa, Honey's, Green Aisle Grocery, Grace Tavern, Rival Bros Cafe, Ten Stone are within 2 block walk along South Street corridor. Brand new luxury condo building just sold out directly behind this location and another boutique luxury condo is planned next door. Major employers CHOP, HUP and UPenn are located just a short walk across the South Street Bridge and provide strong rental demand 12 months out of the year. Fitler Square Park, Schuylkill River dog park, Rittenhouse Square Park are all within walking distance. Easy walk into downtown Philly and University City as well as Amtrak's 30th Street Station. Located in the coveted Greenfield Catchment, a leading public elementary school in Philadelphia. Also two blocks from the prized Philadelphia School (TPS). Property being sold as is.

Location

Listing Agent

  1. Ryan McManus

    Listing Agent

    Compass

Building Information for 2316 South Street

Stories-Residences3Year Built1915Building Size-Lot Size0.03 AC / 1,336 SF

Payment Calculator

$4,235 per month

30 year fixed, 3.51% Interest

Principal and Interest

$3,597

Property Taxes

$638

HOA Dues

$0

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Property Information for 2316 South Street

Rental Info
    Rental Info
  • Existing Lease Type: Month to Month
  • Rent Control: No
Interior / Building / Parking / Property Information
    Interior Details
  • Tax Total Finished SQFT: 2816
  • Above Grade Fin SQFT: 2816
  • Above Grade Finished Area Units: Square Feet
  • Total Finished SQFT: 2816
    Interior Features
  • Fireplaces Count: 0
  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Central Air: Yes
  • Cooling Type: Central A/C
  • Heating: Yes
  • Heating Type: Central
    Parking Information
  • Garage: No
  • Type Of Parking: None
    Pool / Spa Information
  • Pool: No Pool
    Location Information
  • Cross Street: 23RD ST
  • Directions: LOCATED ON SOUTH BETWEEN 23RD-24TH
  • Historic: No
  • MLS Area: 19146 (19146)
  • Sub System Locale: BRIGHT_MAIN
  • System Locale: BRIGHT
  • Tidal Water: No
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Waterfront: No
    School Information
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
    Building Information
  • Accessibility Features: None
  • Building Units Total: 3
  • Building Level Count: 3
  • Construction Materials: Masonry
  • New Construction: No
  • Other Structures: Above Grade, Below Grade
    Green Information
  • Clean Green Assessed: No
    Association Information
  • HOA: No
    Unit Information
  • Other Units: Unit 1,Unit 2,Unit 3
  • Number Of Units Month To Month: 1
  • Number Of Units Vacant: 2
  • One Bedroom Units Count: 1
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Units Leased Count: 1
    Income / Expense Information
  • Annual Rental Income: $69,000
    Property Information
  • Property Type: Multi-Family
  • Land Use Code: U50
  • Lot Size Dimensions: 16.00 x 83.50
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • Lot SQFT: 1336
  • Lot Size Acres: .03
  • Navigable Water: No
  • Property Condition: As-is Condition
  • Zoning: RM1
  • Age: 1915.0
    Utilities Information
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Sewer Septic: Public Sewer
  • Water Source: Public
Room Information
    Basement
  • Basement Type: Unfinished
  • Below Grade Fin SQFT: 0
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT: 0
  • Below Grade Unfin SQFT Source: Assessor
Tax / Assessment / Sale Information
    Tax / Assessment Information
  • City Town Tax: $3,457
  • County Tax: $0
  • School Tax: $4,204
  • Tax Annual Amount: $7,661
  • Tax Lot: 47
  • Tax Year: 2019
  • Tax ID Number: 302004700
  • Year Assessed: 2019
  • Improvement Assessed Value: $383,110
  • Land Assessed Value: $164,190
  • Tax Assessed Value: $547,300
    Sale Information
  • Disclosures: Agent has Financial Interest
  • Home Warranty: No
  • Possession: Immediate
  • Prospects Excluded: No
  • Sale Type: Standard
  • Vacation Rental: No

Property History for 2316 South Street

DateEvent & SourcePriceAppreciation
Dec 6, 2019Pending

BRIGHT #PAPH853526

$999,999
Dec 6, 2019Listed (Active)

BRIGHT #PAPH853526

$999,999
Dec 3, 2019Pending

BRIGHT #PAPH853526

DateEvent & SourcePrice
12/06/2019
Pending

BRIGHT #PAPH853526

$999,999
12/06/2019
Listed (Active)

BRIGHT #PAPH853526

$999,999
12/03/2019
Pending

BRIGHT #PAPH853526

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2316 South Street

Taxable ValueLand$164,190Additions$383,110Total$547,300
Tax Record2019$7,661
Home Facts
Finished Sq.Ft.2,816 SqFtStories3Lot Size1,336 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRM1CountyPHILADELPHIAAPN302004700

Schools near 2316 South Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
The Philadelphia SchoolPrivatePK-80.1 mi
NR
Greenfield Albert M SchoolPublicK-80.5 mi
6
The City SchoolPrivateK-120.6 mi
NR
Stanton Edwin M SchoolPublicPK-80.6 mi
2

The Philadelphia School

PK-8, 0.1 mi, Private

NR

Greenfield Albert M School

K-8, 0.5 mi, Public

6

The City School

K-12, 0.6 mi, Private

NR

Stanton Edwin M School

PK-8, 0.6 mi, Public

2

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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The data relating to real estate for sale on this Virtual Office Website is provided in part, by BRIGHT through a licensing agreement. This website may reference real estate listing(s) held by a brokerage firm other than Compass. The information provided by this website is for the personal, non-commercial use of consumers with whom Compass has first established a broker-consumer relationship (as defined by applicable state law) and may not be used for any purpose other than to identify prospective properties such persons may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals. The data contained herein is copyrighted by BRIGHT and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. © 2019 BRIGHT MLS, All Rights Reserved. All rights reserved.