501 South 5th Street
501 South 5th Street
$965,000
—
2,862
2,862
$337
Closed 8/5/22
Description
Stately corner property on 5th and Lombard- 501 S 5th is a great opportunity for both new and experienced investors. The property is a recently renovated triplex with three 2-bedroom units. The first floor is home to the large first floor unit- 2 bedroom, 1 -bathroom with a finished basement. The second floor houses the other 2 bedroom bi-level units. Each unit is outfitted with A/C units, a stacked washer and dryer, stainless steel appliances, granite counter tops, large sun streaming windows, and...Stately corner property on 5th and Lombard- 501 S 5th is a great opportunity for both new and experienced investors. The property is a recently renovated triplex with three 2-bedroom units. The first floor is home to the large first floor unit- 2 bedroom, 1 -bathroom with a finished basement. The second floor houses the other 2 bedroom bi-level units. Each unit is outfitted with A/C units, a stacked washer and dryer, stainless steel appliances, granite counter tops, large sun streaming windows, and hardwood floors throughout. Tenants and landlord are granted access to the beautiful Gaskill Mews Garden located directly behind the building . Located in the heart of Society Hill and in the McCall catchment, this is a great investment in one of Philadelphia’s best neighborhoods at an over 6% cap rate. NOI is apx $65k/year. The property is currently completely rented and brings a gross rental income of $74,000/year. The 1st floor and #2R have leases through May 2023 and the monthly rent is $2150. #2F is vacant and the current asking rent is $2250- an ideal opportunity for an owner-occupant.
- Listed by Jafar Maleki • BHHS Fox & Roach The Harper at Rittenhouse SquareP: 2158522040 info@insightpropertyadvisors.com
Property Details for 501 South 5th Street
Tax ID Number
051091610
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleStraight Thru
WaterfrontNo
GarageNo
Cross StreetLombard
MunicipalityPHILADELPHIA
Location
LISTING UPDATED: 07/27/2023 03:03 AM
Property Details for 501 South 5th Street
Status | Closed |
---|---|
MLS # | PAPH2114748 |
Days on Market | 24 |
Taxes | $11,464 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1910 |
Lot Size | 0.03 AC / 1,200 SF |
County | Philadelphia County |
Building
Location
Building Information for 501 South 5th Street
Stories-Residences-Year Built1910Building Size-Lot Size0.03 AC / 1,200 SF
Payment Calculator
$6,222 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 501 South 5th Street
Property History for 501 South 5th 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 501 South 5th Street
Taxable ValueLand$146,080Additions$584,320Total$730,400
Tax Record2023$10,224 ($852 / month)
Home Facts
Total Finished SqFt2,862 SqFtAbove Grade Finished SqFt2,862 SqFtStories3Lot Size1,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningRM1CountyPHILADELPHIAAPN05-1-0916-10
Schools near 501 South 5th Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
McCall Gen George A School PublicK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Middle Years Alternative School Public5 to 8 | ||
Arts Academy at Benjamin Rush 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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