Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1859
Sq.Footage
N/A
Prime Investment Opportunity in Society Hill! This turnkey 6-unit apartment building is extremely well maintained and is a perfect opportunity for investor’s looking to buy in the neighborhood and add more units to their rental portfolio. All six of the units are currently occupied on a yearly lease. The six apartments are made up of (5) 1 bed 1 bath units and (1) 2 bed 2 bath unit. Unit 3A has 2 beds and 2 baths. With stable rental income, fantastic growth potential, and desirable amenities, this property is a rare find. The building is currently grossing $8,741/month from the occupied units. The tenants pay all utilities other than water; the seller covers the water. There are also coin operated washer and dryers in the basement that generate extra income each month as well. Each unit is fabulously maintained with hardwood floors throughout, well appointed kitchens with marble counter tops, historically tiled bathrooms, and ceiling fans in the living room and bedrooms for comfort and convenience. Each unit is heated by electric baseboard heating and has window units for cooling. Tenants also have access to on-site laundry which is located in the basement. Unit 3A has their own in unit laundry. Also in the basement is even more storage space which for the tenants to put their bikes and other items. The property has solar panels on the roof to help reduce electricity costs and be more energy efficient. Nestled in one of Philadelphia’s most historic and picturesque neighborhoods, Society Hill is celebrated for its quaint brick sidewalks, charming cobblestone alleys, and beautifully preserved architecture, offering a timeless appeal that attracts residents and investors alike. The property is also located just steps away from an Acme and CVS, there are bus stops on each corner adjacent to the property, and tons of amenities the neighbor hood has to offer. Not to mention the property is a short walk away from the Delaware River for those who love to be near water! With an impressive Walk Score of 94, daily errands are a breeze—no car needed! Boasting a Transit Score of 94, this area offers top-tier public transportation, making commuting super easy. Cyclists will love the Bike Score of 85, highlighting excellent biking infrastructure. A variety of dining options are just around the corner, including Fat Tuesday, Malbec Argentine Steakhouse, and Reef Restaurant & Lounge, among many others. Families have access to well-rated schools such as General George A. McCall School, Benjamin Franklin High School, and William M. Meredith School. For grocery shopping, nearby options include ACME Markets, Sue's Market, and South Street Market II. Outdoor lovers will appreciate nearby green spaces like Three Bears Park, Thaddeus Kosciuszko National Memorial, and Magnolia Garden. This income-producing property is a prime opportunity in one of the city’s most sought-after neighborhoods. MAJOR BONUS: SOLAR PANELS ON THE ROOF, ENHANCING ENERGY EFFICIENCY AND REDUCING ELECTRIC COSTS. Don’t miss out and schedule your visit today!
Features & Amenities
Interior
Area & Lot
-
Lot Features
Back Yard
-
Lot Size(acres)
0.05
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
Financial
-
Sales Price
$1,500,000
-
Tax Amount
13998.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Maria Maria Quattrone Quattrone , RE/MAX @ HOME
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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