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140 SOUTH ST & 608 S Hancock Street

PHILADELPHIA, PA 19147
  • $5,400,000
  • STATUS: Active
  • ON SITE: 51 Days
  • ID#: PAPH2037122
UPDATED: 227 min ago
$5,400,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Description

VERY LARGE PROPERTY 66 X 90 consists of BOTH 140 South St (Tax ID 881571550) AND 608 Hancock St (Tax ID 023097545) 10 UNITS all together. Great opportunity to own an income producing property located in an excellent Queen Village location just off of Head House Square. This unique property consists of the famous South Street Diner, nine apartments (four one bedroom units and five two bedroom units) and two garages. The building generates $246,000 in rental income per year. 140 South St consists of a leased restaurant (South St Diner) with 4 - 1BR units on top 2 floors with great natural light. The 608 Hancock St property was built in 2010 consists of 2 - 1-car garages 5 -2BR units that sit over 140 South St. There is an elevator and sprinkler system installed. ALL units have hardwood floors, central air, washer & dryer. PLEASE NOTE: THIS PROPERTY CONTAINS BOTH 140 SOUTH STREET TAX ID 881571550 AND 608 S HANCOCK STREET TAX ID 023097545

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©2021 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 LoCoMusings | Century 21 Redwood Realty. 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: 2021-12-05T23:49:11.667.
www.locomusings.com/homes/122413223
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140 SOUTH ST & 608 S Hancock Street PHILADELPHIA, PA 19147

  • Price: $5,400,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 227 min ago
  • ID#: PAPH2037122
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1930
Built
Neighborhood:
Queen Village
County:
Philadelphia
Area:
19147 (19147)
School District:
The School District Of Philadelphia
Property Description
VERY LARGE PROPERTY 66 X 90 consists of BOTH 140 South St (Tax ID 881571550) AND 608 Hancock St (Tax ID 023097545) 10 UNITS all together. Great opportunity to own an income producing property located in an excellent Queen Village location just off of Head House Square. This unique property consists of the famous South Street Diner, nine apartments (four one bedroom units and five two bedroom units) and two garages. The building generates $246,000 in rental income per year. 140 South St consists of a leased restaurant (South St Diner) with 4 - 1BR units on top 2 floors with great natural light. The 608 Hancock St property was built in 2010 consists of 2 - 1-car garages 5 -2BR units that sit over 140 South St. There is an elevator and sprinkler system installed. ALL units have hardwood floors, central air, washer & dryer. PLEASE NOTE: THIS PROPERTY CONTAINS BOTH 140 SOUTH STREET TAX ID 881571550 AND 608 S HANCOCK STREET TAX ID 023097545
Exterior Features

Construction Materials Masonry Garage YN No Parking Features Private Parking Types On StreetPrivate Garage Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 17820.00 Cooling Central A/C Exclusions All Tenants Personal Property Heating Central Heating YN Yes Net Square Feet 8500.00

Property Features

Accessibility Features None Annual Gross Expense 80000.00 Assessment Year 2021 Business Type Apartment BuildingRestaurant/Bar Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural GasElectric Hot Water ElectricNatural Gas Municipality Philadelphia Navigable Water YN N Net Operating Income 246000.00 New Construction YN No Number Of Units Total 0 Original MLSNumber 801111344970 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 41197.00 Tax Assessment Amount 2943100.00 Tax Lot 108 Total Actual Rent 326000.00 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Bhhs Fox & Roach-Center City Walnut.


©2021 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 LoCoMusings | Century 21 Redwood Realty. 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: 2021-12-05T23:49:11.667.
 
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