Philadelphia, PA 19147,623 SOUTH ST
Philadelphia, PA 19147,623 SOUTH ST
Philadelphia, PA 19147,623 SOUTH ST
8
$1,680,000
$1,680,000
Est.Price: ?

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4,680 SqFt

623 SOUTH ST Philadelphia, PA 19147

Est. payment /mo
SOLD DATE : 09/30/2015

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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

Water Access N

Roof Type Flat

Accessibility None

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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Bright MLS (BMLS)
Listed by Peter P Wu • Re/Max One Realty
Bought with Philippe Daouphars • BHHS Fox & Roach-Center City Walnut

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Lindsey Binks

Agent | License ID: 1642886

+1(609) 923-6752

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