709 South American Street
709 South American Street
$700,000
—
2,508
2,508
$279
Closed 3/13/20
Description
709 South American Street possesses the rare and favorable investor preferred mixture of prime location, size and rental income. As a fully leased triplex in the coveted submarket of Queen Village, this boutique property offers extreme rental upside. Or simply buy and hold and continue collecting cash flow from day one. Each bilevel unit is leased with under market rents. Unit 1 is a 2bd x 1ba leased for 1575 per month located on 1st floor and basement. Unit 2 is a 2bd x 1ba leased for 1575 per month...709 South American Street possesses the rare and favorable investor preferred mixture of prime location, size and rental income. As a fully leased triplex in the coveted submarket of Queen Village, this boutique property offers extreme rental upside. Or simply buy and hold and continue collecting cash flow from day one. Each bilevel unit is leased with under market rents. Unit 1 is a 2bd x 1ba leased for 1575 per month located on 1st floor and basement. Unit 2 is a 2bd x 1ba leased for 1575 per month located on 2nd and 3rd floors. Unit 3 is a 1bd x 1ba leased for 1075 per month located on 2nd and 3rd floors. Total annual income is 50,700. Pro forma income is 67,200. The 2bd units should lease for 2000 per month and the 1bd should lease for 1600 per month. Expenses are low. Many original features exist such as hardwood floors and exposed brick. Stately 3 storey appearance boasting curb appeal on a tranquil sunny side street located in the prized Meredith School District, (one of, if not) the most sought after elementary schools in Philadelphia, Pennsylvania. Walk to amenities, shops, restaurants, cafes and bars on SouthStreet, Fabric Row, and in Society Hill. Notable establishments leading Philly s food scene are within just a few short blocks: Serpico, Famous 4th St Deli, Jims Steaks, Lorenzos Pizza, RoyalSushi and Izakaya, Pizzeria Stella, Southwark, Pietros, Hungry Pidgeon, Bistro La Minette and Little Fish BYOB. Also walkable to Bainbridge Green Park, Washington Square Park and SpruceStreet Harbor Park. All units separately metered. Washer dryer combos in each unit. Basement storage for Unit 1.
Listing Agent
Property Details for 709 South American Street
Tax ID Number
023108200
OwnershipFee Simple
HOANo
Structure TypeInterior Row/Townhouse
StyleContemporary
WaterfrontNo
GarageNo
SubdivisionQUEEN VILLAGE
Location
LISTING UPDATED: 08/17/2022 09:00 PM
Property Details for 709 South American Street
Status | Closed |
---|---|
MLS # | PAPH852446 |
Days on Market | 28 |
Taxes | $9,563 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1915 |
Lot Size | 0.02 AC / 1,088 SF |
County | Philadelphia County |
Location
Building Information for 709 South American Street
Stories-Residences3Year Built1915Building Size-Lot Size0.02 AC / 1,088 SF
Payment Calculator
$4,617 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 709 South American Street
Property History for 709 South American 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 709 South American Street
Taxable ValueLand$170,700Additions$398,500Total$569,200
Tax Record2023$7,968 ($664 / month)
Home Facts
Total Finished SqFt2,508 SqFtAbove Grade Finished SqFt2,508 SqFtStories3Lot Size1,088 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRM1CountyPHILADELPHIAAPN02-3-1082-00
Schools near 709 South American Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Meredith William M School PublicK to 8 | ||
Furness Horace High School Public9 to 12 | ||
Constitution High School Public9 to 12 | ||
Academy At Palumbo 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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