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    627 South Street

    PHILADELPHIA, PA 19147
    • $839,000
    • STATUS: Active
    • ON SITE: 150 days
    • ID#: PAPH911300
    UPDATED: 73 min ago
    $839,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,465
      SQFT
    • $340
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Information

    Elementary School:
    High School:

    Description

    Rare opportunity to own a cash flowing property with option to further develop for higher returns. Rooted in the Meredith/ McCall school district lies a diamond in the rough with for a savvy Investor. The ground level unit is a deep commercial space that spans from South st to Rodman st looking over the well known Starr Garden Park. All of the kitchen equipment, fixtures and apparatus accompany the sale (thousands of dollars in value). Complete with bathroom, skylights, non stop foot traffic, split systems, newly poured concrete in basement and sump pump. Previous tenants have paid $4500 and 65% of CAM expenses. Currently available for lease with kitchen equipment for $3500. There is also a closed off stairwell to the left of the kitchen. Confirmed by a local architect, based on the lot size and air rights an additional unit can be built above the Rodman facing side of the building with entrance. Tenants will flock to this location! Based on zoning only the first 30' need to be utilized as commercial space. Meaning you could try for a variance with a higher unit count! The upper 2nd and 3rd floors are a bi-level 3 bed, 2 bath, full kitchen with double living rooms. The rooms are large, bright and have always attracted tenants. In the past this unit has rentedfor $1800-$200 per month. Even with this pandemic the location is central for a thriving business and interested residential tenants.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-12-04T23:52:39.457.
    www.seeinsidethehouse.com/homes/107564935
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    627 South Street PHILADELPHIA, PA 19147

    • Price: $839,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: PAPH911300
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    2,465
    SQFT
    $340
    $/SQFT
    1900
    Built
    Neighborhood:
    Queen Village
    County:
    Philadelphia
    Area:
    19147 (19147)
    Elementary School:
    Gen. George A. Mccall School
    Middle School:
    William M. Meredith School
    High School:
    Horace Furness
    School District:
    The School District Of Philadelphia
    Property Description
    Rare opportunity to own a cash flowing property with option to further develop for higher returns. Rooted in the Meredith/ McCall school district lies a diamond in the rough with for a savvy Investor. The ground level unit is a deep commercial space that spans from South st to Rodman st looking over the well known Starr Garden Park. All of the kitchen equipment, fixtures and apparatus accompany the sale (thousands of dollars in value). Complete with bathroom, skylights, non stop foot traffic, split systems, newly poured concrete in basement and sump pump. Previous tenants have paid $4500 and 65% of CAM expenses. Currently available for lease with kitchen equipment for $3500. There is also a closed off stairwell to the left of the kitchen. Confirmed by a local architect, based on the lot size and air rights an additional unit can be built above the Rodman facing side of the building with entrance. Tenants will flock to this location! Based on zoning only the first 30' need to be utilized as commercial space. Meaning you could try for a variance with a higher unit count! The upper 2nd and 3rd floors are a bi-level 3 bed, 2 bath, full kitchen with double living rooms. The rooms are large, bright and have always attracted tenants. In the past this unit has rentedfor $1800-$200 per month. Even with this pandemic the location is central for a thriving business and interested residential tenants.
    Exterior Features

    Architectural Style Traditional Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2465 Basement EnglishPoured ConcreteSump PumpUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 500 Cooling Central A/C Exclusions Tenants Belongings in Upper Unit. Fireplaces Total 0 Heating Central Heating YN Yes Inclusions Commercial Fixtures in Ground Level Unit. Security Features Security Gate Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 0

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 1 Original MLSNumber 304193851853 Owner Pays WaterTaxes - Real EstateSnow RemovalSewer MaintenanceSewerRepairsManagementInsuranceHeater Maintenance ContractCommon Area Maintenance Ownership Interest Fee Simple Possession Immediate Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 7451.00 Tax Assessment Amount 532300.00 Tax Lot 259 Total Actual Rent 60000.00 Vacation Rental YN No Water Source Public Year Built Effective 2018 Zoning Cmx2 Zoning Description Mixed Use - Additional Unit Can Be Built Above The Rodman Street Side

    Listing courtesy of Keller Williams Philly.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-12-04T23:52:39.457.
     
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    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809