Description
Invest in your future with 1, 2, or 3 of these fully occupied, cash-flowing triplexes in the popular bella vista/italian market neighborhood of center city. the owners are ready to retire and pass on their success to you. with a 99% occupancy rate spanning 3 to 17 years, make your first investment an “easy win,” or add another solid multi-family building to your portfolio. either way- it’s a win. the tenants are happy, love the location, and are paying near or at-market rents, so you don’t have to worry about making dramatic changes after you buy. plus, there’s potential to increase your earnings by renting out additional storage in 2 of the 3 basements to the tenants or someone local who needs extra storage space (or use it for yourself!). you can also do some modest upgrades when units turnover and increase the rents year after year. each tenant in each unit pays for their gas and electric (separate utilities & mechanicals- yea!). the landlord only pays for water for the 3 buildings and common electric in 2 of the 3 buildings. all units have the required sprinkler systems, rm1 zoning, active rental licenses, and lead-free (811) or lead-safe (819 & 1182) certificates from the city....... details about this building: 1182 s 11th: gross rent is $5700/mo for two 2-bed/2 bath flats and one 1-bed/1bath flat. the third floor has a private roof deck, and all units have central air and in-unit laundry. the basement is available for your use or an opportunity to add value by providing additional storage for the tenants. ..... details about the other two buildings: 811 s 11th: gross rent is $5550/mo over three 2 bed/1 bath flats. each unit has c/a, private outdoor space, and a storage cage in the back portion of the basement. units 1 & 3 have in-unit laundry. unit 2 uses the laundry in the basement. the front part of the basement is available and easily used for additional storage for you or someone else. 819 s 11th: gross rent is $4500/mo for two 2-bed/1-bath flats and one 1-bed/1-bath flat. the first floor has outdoor space and access to an extra basement room that is finished, plus exclusive access to the unfinished portion of the basement. bilco access to the basement is temporarily closed shut but could be accessed if needed down the road. each unit has in-unit laundry. tenants use window units for cooling. .......the opportunity here is perfect- cash flow right out of the gate, and plan to make strategic value-adds along the way to increase your profit!
Property Type
Multi-FamilySubdivision
Italian MarketCounty
PHILADELPHIAStyle
TraditionalAD ID
47657468
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Basement Description: Full,Unfinished,Outside Entrance
- Property Appliances: Refrigerator,Washer,Dryer,Built-In Microwave,Dishwasher
Heating & Cooling
- Cooling: Central A/C
- Heating: Forced Air
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
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Exterior Features
Building Information
- Year Built: 1915
- Structure: End of Row/Townhouse
- Major Appliances: Refrigerator,Washer,Dryer,Built-In Microwave,Dishwasher
- New Construction: No
- Total Units: 3
- Built: 1915
- Construction Material: Masonry
- Foundation/Basement: Stone
- Architecture: Traditional
- Pool/Private: No Pool
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Natural Gas
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Property / Lot Details
Lot Information
- Lot Size: 1,440
- Dimensions: 18.00 x 80.00
- Lot Size (Acres): 0.03
- Architectural Style: Traditional
- Main Square Feet: 1,440
Property Information
- SQ ft: 2,368
- SQ ft (Living Area): 2,368
- Total Lot SQ ft: 1,440
- Subdivision: ITALIAN MARKET
- Financing: Cash,Conventional,VA
- Appx. Lot Dimensions: 18.00 x 80.00
- Total Acreage: 0.03
- New Construction: No
- Type: Traditional
-
Listing Information
Listing Information
- Possession: Immediate,31-60 Days CD,61-90 Days CD
- Days Of Market: 2
-
Taxes / Assessments
Tax Information
- Annual Tax: $5,290
- Tax Year: 2025
- Total Taxes Payment Frequency: Annually
Possession
- Immediate,31-60 Days CD,61-90 Days CD
Assessment Information
- Taxes Assessment Amount: $377,900
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Multi-Unit Information
- Acceptable Financing: Cash,Conventional,VA
Homeowners Association Information
- Direction: South 11th St, between Washington & Ellsworth.
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School, Utilities & Location Details
School Information
- Elementary School: FANNY JACKSON COPPIN
- Middle OR Junior School: FANNY JACKSON COPPIN
- High School: FURNESS HORACE
- School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
Location Information
- Direction: South 11th St, between Washington & Ellsworth.
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BuyOwner last updated this listing 11/21/2024 @ 06:54
- MLS: PAPH2418998
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is for sale, it has 2,368 sqft, 1,440 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of PHILADELPHIA , in zip code 19147, this PHILADELPHIA County Other , it is in the ITALIAN MARKET Subdivision, and are nearby neighborhoods.