$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
Style Other
Year Built 1947
Annual Tax Amount $10,975
Tax Year 2015
Lot Size 1,800 Sqft
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
Interior
Hot Water Electric
Heating Electric
Cooling Central A/C
Laundry None
Exterior
Utilities Available Cable TV Available
Water Access N
Roof Type Flat
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Conventional, Private
Listing Terms Conventional, Private
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Bought with Philippe Daouphars • BHHS Fox & Roach-Center City Walnut