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727 S 2ND Street

PHILADELPHIA, PA 19147
  • $1,885,000
  • STATUS: Active
  • ON SITE: 308 Days
  • ID#: PAPH2094690
$1,885,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1906
County:

School Information

Elementary School:
High School:

Description

This beautiful corner CMX building (5 units - 4 residential & 1 restaurant) in QUEEN VILLAGE is perfect for those investors looking for a 1031 exchange! 1st fl is a restaurant which is being renovated and will be a nice breakfast place soon.....(4) apartments have a separate entrances on Monroe St. This corner building stands very attractive with the beautiful brick exterior and it is well maintained, in one of the BEST neighborhood in the city! It also has a one-car PARKING on site, which could be used by the owner or rented out (It is currently rented to one of the tenants). The top floor is a gorgeous and spacious 2BD/1BA, sun-filled unit. The 2nd floor offers (2x) studios. The 1R apartment has another separate entrance and it is rented with a parking space. ALL units are fully leased. This property brings great income. Separate gas and electric meters. The 1st floor commercial space has a full kitchen roughly 700 Sq.Ft. in the basement. The kitchen exhaust hood that runs straight to the roof. This great income producing property will make your portfolio even greater! PERFECT TURNKEY investment property property.

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©2023 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: 2023-02-04T23:50:29.55.
www.locomusings.com/homes/127325276
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727 S 2ND Street PHILADELPHIA, PA 19147

  • Price: $1,885,000
  • Status: Active
  • On Site: 308 Days
  • ID#: PAPH2094690
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1906
Built
Neighborhood:
Queen Village
County:
Philadelphia
Area:
19147 (19147)
Elementary School:
William M. Meredith School
High School:
Horace Furness
School District:
The School District Of Philadelphia
Property Description
This beautiful corner CMX building (5 units - 4 residential & 1 restaurant) in QUEEN VILLAGE is perfect for those investors looking for a 1031 exchange! 1st fl is a restaurant which is being renovated and will be a nice breakfast place soon.....(4) apartments have a separate entrances on Monroe St. This corner building stands very attractive with the beautiful brick exterior and it is well maintained, in one of the BEST neighborhood in the city! It also has a one-car PARKING on site, which could be used by the owner or rented out (It is currently rented to one of the tenants). The top floor is a gorgeous and spacious 2BD/1BA, sun-filled unit. The 2nd floor offers (2x) studios. The 1R apartment has another separate entrance and it is rented with a parking space. ALL units are fully leased. This property brings great income. Separate gas and electric meters. The 1st floor commercial space has a full kitchen roughly 700 Sq.Ft. in the basement. The kitchen exhaust hood that runs straight to the roof. This great income producing property will make your portfolio even greater! PERFECT TURNKEY investment property property.
Exterior Features

Construction Materials Masonry Garage YN No Location Type Corner Lot/Unit Parking Types Parking Lot Property Condition Very GoodExcellentGood Riparian Rights YN No View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2688.00 Cooling Central A/C Exclusions Fireplace Mantel (Tenant's Personal Property) Flooring Hardwood Heating 90% Forced Air Heating YN Yes Net Square Feet 2688.00

Property Features

Acceptable Financing CashPrivateJoint VentureConventional Accessibility Features None Annual Gross Expense 7473.00 Assessment Year 2023 Association Expense 0.00 Business Type Apartment BuildingOther/General RetailParking LotProfessionalRestaurant/BarSupermarket/Grocery StoreOtherHair Salon And Spa Central Air YN Yes Cooling Fuel Natural Gas Cross Street Monroe Electric Expense 0.00 Gross Income 141600.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Insurance Expense 2200.00 Municipality Philadelphia Navigable Water YN N Net Operating Income 133100.00 New Construction YN No Number Of Units Total 5 Operating Expense Includes InsuranceOther Original MLSNumber 801408548146 Owner Pays Taxes - Real Estate Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6339.00 Tax Assessment Amount 452900.00 Tax Lot 231 Total Actual Rent 141600.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 Mile Trash Expense 0.00 Utilities Natural Gas Available Vacation Rental YN No Water Source Public Year Built Effective 2005 Zoning Cmx1 Zoning Description Cmx1 - Accommodate Low-ImpactSmall-ScaleNeighborhood-Serving Retail And Service Uses in Storefront Buildings & Condos.

Listing courtesy of Realty Mark Associates-Cc: .


©2023 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: 2023-02-04T23:50:29.55.
 
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