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    1717 South Street

    PHILADELPHIA, PA 19146
    • $1,250,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: PAPH996324
    UPDATED: 18 min ago
    $1,250,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1915
    County:

    School Ratings & Info

    Description

    When opportunity knocks! This property, which spans from 1717 South Street to 1714 Rodman Street is the opportunity of a lifetime! So many options available. There is an approximately 1000 square foot storefront with access to the basement, and with all newer systems and a private office and bathroom on bustling South Street. This was previously rented at $3,200.00/ month. There is also a bilevel 3 bedroom, 3 bathroom apartment with interior access to the roof, perfect for a deck upgrade, in good shape that needs minor cosmetics, but it is in a Stellar location, and could command huge rents. This unit was previously rented at $2,500.00/ month but could easily rent with minor changes at $3,200.00-$3,600.00/ month. So the Topper on the Cake is that their is an additional 1 bedroom, 1.5 bathroom completely rehabbed, separate house facing gorgeous Rodman Street that is included in the sales price, which was previously rented for $1,900.00/ month. Yes, for the price you would normally pay just for a South Street storefront, You get an additional $450,000.00 townhouse included. Both these properties are on the same deed and the seller, not living locally, is not going to separate them. Just consider the numbers and options. Acquire and keep together and enjoy a nice 9.5% cap rate in Center City, or separate the addresses and sell off the parts, or not. Either way, this is a Win, Win situation!! Make your move today!

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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: 2021-05-06T16:54:32.023.
    www.locomusings.com/homes/115116817
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    1717 South Street PHILADELPHIA, PA 19146

    • Price: $1,250,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: PAPH996324
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1915
    Built
    Neighborhood:
    Graduate Hospital
    County:
    Philadelphia
    Area:
    19146 (19146)
    School District:
    The School District Of Philadelphia
    Property Description
    When opportunity knocks! This property, which spans from 1717 South Street to 1714 Rodman Street is the opportunity of a lifetime! So many options available. There is an approximately 1000 square foot storefront with access to the basement, and with all newer systems and a private office and bathroom on bustling South Street. This was previously rented at $3,200.00/ month. There is also a bilevel 3 bedroom, 3 bathroom apartment with interior access to the roof, perfect for a deck upgrade, in good shape that needs minor cosmetics, but it is in a Stellar location, and could command huge rents. This unit was previously rented at $2,500.00/ month but could easily rent with minor changes at $3,200.00-$3,600.00/ month. So the Topper on the Cake is that their is an additional 1 bedroom, 1.5 bathroom completely rehabbed, separate house facing gorgeous Rodman Street that is included in the sales price, which was previously rented for $1,900.00/ month. Yes, for the price you would normally pay just for a South Street storefront, You get an additional $450,000.00 townhouse included. Both these properties are on the same deed and the seller, not living locally, is not going to separate them. Just consider the numbers and options. Acquire and keep together and enjoy a nice 9.5% cap rate in Center City, or separate the addresses and sell off the parts, or not. Either way, this is a Win, Win situation!! Make your move today!
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 2633.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 2633.00

    Property Features

    Accessibility Features None Assessment Year 2021 Association YN No Business Type Other/General RetailApartment Building 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 Total 3 Original MLSNumber 304514224017 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6901.00 Tax Assessment Amount 493000.00 Tax Lot 363 Vacation Rental YN No Water Source Public Zoning Cmx2

    Listing courtesy of Keller Williams Philly.


    ©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: 2021-05-06T16:54:32.023.
     
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