616 South Hancock Street

Philadelphia, PA 19147

$765,000
Last Sold Price
3
Beds
3
Baths
3,180 Sq. Ft.
$241 / Sq. Ft.
3,180
Sq. Ft.
$241
per Sq. Ft.

Description

Perfect opportunity for a beautifully updated and maintained turn-key triplex in Queen Village. Ideal for an investor looking for a solid ROI in a red-hot area. All units are currently rented and building brings in $57,180/year in rental income. (Unit 1: 1BD/1bth at $1,470/month. Unit 2: 1BR/1bth at $1,320/month. Unit 3: 1BR plus Den/1.5bth at $1,975/month. All leases automatically renew each year with slight increases in monthly rent). Building has fully separated gas and electric. Each unit has...Perfect opportunity for a beautifully updated and maintained turn-key triplex in Queen Village. Ideal for an investor looking for a solid ROI in a red-hot area. All units are currently rented and building brings in $57,180/year in rental income. (Unit 1: 1BD/1bth at $1,470/month. Unit 2: 1BR/1bth at $1,320/month. Unit 3: 1BR plus Den/1.5bth at $1,975/month. All leases automatically renew each year with slight increases in monthly rent). Building has fully separated gas and electric. Each unit has its own HVAC with Central Air. Each unit has really nice outdoor space. And each unit has excellent space, layout, and light. The 3rd floor has its own Washer/Dryer in unit and the 1st and 2nd floor units share a washer and dryer in the really clean basement (which also provides excellent storage). Hancock Street is a quiet tree-lined block (just a single block long), one block from Head House Square and the awesome Society Hill Farmers Market and all of the restaurants and shopping of Queen Village, Society Hill, and South Street. This is a stellar property in an excellent location (98 WalkScore).

Listing Agent

  1. Jeff City Block

    Jeff City Block

    Listing Agent

    Compass

    jeff.block@compass.com

    P: 215.833.7088

Property Details for 616 South Hancock Street

Tax ID Number
023097610
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
08-16-2021

Location

Sold By White Acre Realty

Add your commute
LISTING UPDATED: 08/27/2022 11:11 PM

Property Details for 616 South Hancock Street

StatusClosed
MLS #PAPH2015660
Days on Market43
Taxes$11,131 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.03 AC / 1,170 SF
CountyPhiladelphia County

Location

Sold By White Acre Realty

Add your commute

Building Information for 616 South Hancock Street

Stories-Residences3Year Built1915Building Size-Lot Size0.03 AC / 1,170 SF

Payment Calculator

$5,103 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,175

Property Taxes

$928

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 616 South Hancock Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • Elementary School: MEREDITH WILLIAM (PHILADELPHIA PA)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: MEREDITH WILLIAM (PHILADELPHIA PA)
  • MiddleSchoolSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19147 (19147)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Type of Condo
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $795,200
  • Year Assessed: 2021
  • Improvement Assessed Value: $556,683
  • City Town Tax: $5,023
  • Land Assessed Value: $238,517
  • Clean Green Assessed: No
  • Land Use Code: U70
  • Zoning: RM1
  • Tax Lot: 316
  • School Tax: $6,108
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Leased Count: 3
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: Awesome unit. Large rear patio.
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: Bright unit with sweet balcony.
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: No
  • Level: 3
  • Beds Total: 1
  • Half Baths Count: 1
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: Spacious 1BR + den. Roof deck.
Financial Information
Financial Information
  • Annual Rental Income: $57,180
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 3,180.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 18.00 x 65.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Rear Yard
  • Parcel ID: 889045
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Outdoor Living Structures: Patio(s), Balcony, Deck(s)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Zoned
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Zoned
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 616 South Hancock Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 616 South Hancock Street

Taxable ValueLand$238,500Additions$556,700Total$795,200
Tax Record2023$11,131 ($928 / month)
Home Facts
Total Finished SqFt588 SqFtAbove Grade Finished SqFt588 SqFtStories4Lot Size1,170 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRM1CountyPHILADELPHIAAPN02-3-0976-10

Schools near 616 South Hancock 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
Meredith William M School
PublicK to 8

Furness Horace 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.