$1,680,000
$1,680,000
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623 SOUTH ST Philadelphia, PA 19147
4,680 SqFt
Key Details
Sold Price $1,680,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $358
Subdivision Society Hill
MLS Listing ID 1002644732
Sold Date 09/30/15
Style Other
HOA Y/N N
Abv Grd Liv Area 4,680
Originating Board TREND
Year Built 1947
Annual Tax Amount $10,975
Tax Year 2015
Lot Size 1,800 Sqft
Acres 0.04
Lot Dimensions 20X90
Property Description
This parcel also includes 625 South Street and 624 Rodman Street. It consists of 2 retails stores (used to be restaurant), 7 apartments(3 two bedrooms, 3 studios and 1 bedroom). Apartments have been renovated with granite countertops, hardwood floors, tile bath, new heating system, new electric and new windows. Rents are currently under market value, great opportunity for future development of South Street due to Center City Revitalization Plan. Annual gross income was over $200K back in 2007, two stores just renewed their leases to 5 years fixed and 5 years option with 3% increase every year. All utilities are seperated, current Cap rate still at 8%. Don't miss out this great investment property.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX2
Rooms
Other Rooms Primary Bedroom
Basement Full
Interior
Interior Features Ceiling Fan(s), Sprinkler System, Store/Office
Hot Water Electric
Heating Electric
Cooling Central A/C
Fireplace N
Heat Source Electric
Laundry None
Exterior
Utilities Available Cable TV Available
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871017050
Ownership Fee Simple
Security Features Security System
Acceptable Financing Conventional, Private
Listing Terms Conventional, Private
Financing Conventional,Private
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Bought with Philippe Daouphars • BHHS Fox & Roach-Center City Walnut