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727 S 2ND Street

PHILADELPHIA, PA 19147
  • $2,150,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: PAPH2094690
Price Reduced
UPDATED: 64 min ago
$2,150,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1906
County:

School Information

Elementary School:
High School:

Description

Improved rent and price!! This amazing corner property (5 units - 4 residential & 1 restaurant) in QUEEN VILLAGE has it ALL! 1st fl Restaurant; Teresa's Mesa; (4) apartments have a separate entrance on Monroe St. This corner building stands very charming with the beautiful brick exterior. 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 popular Teresa's Mesa restaurant has a nice vibe and it has a full kitchen downstairs. The top floor is a gorgeous and spacious 2BD/1BA, sun-filled unit. The 2nd floor offers (2x) studios, one of them is rented for a long time, the other one is by a month-to-month-lease. The 1R apartment has another separate entrance and it is rented with a parking space. This property is FULLY leased. All units have separate utility meters. The combined 1st floor commercial space has basement kitchen totals roughly 700 Sq.Ft. The kitchen exhaust hood that runs to the roof. This great income producing property will make your portfolio even greater!

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©2022 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 New Home Team of Maryland | RE/MAX Distinctive. 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: 2022-05-21T07:51:10.08.
www.newhometeammd.com/homes/127325276
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727 S 2ND Street PHILADELPHIA, PA 19147

  • Price: $2,150,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 64 min ago
  • ID#: PAPH2094690
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1906
Built
Neighborhood:
19147 (19147)
County:
Philadelphia
Area:
19147 (19147)
Elementary School:
William M. Meredith School
High School:
Horace Furness
School District:
The School District Of Philadelphia
Property Description
Improved rent and price!! This amazing corner property (5 units - 4 residential & 1 restaurant) in QUEEN VILLAGE has it ALL! 1st fl Restaurant; Teresa's Mesa; (4) apartments have a separate entrance on Monroe St. This corner building stands very charming with the beautiful brick exterior. 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 popular Teresa's Mesa restaurant has a nice vibe and it has a full kitchen downstairs. The top floor is a gorgeous and spacious 2BD/1BA, sun-filled unit. The 2nd floor offers (2x) studios, one of them is rented for a long time, the other one is by a month-to-month-lease. The 1R apartment has another separate entrance and it is rented with a parking space. This property is FULLY leased. All units have separate utility meters. The combined 1st floor commercial space has basement kitchen totals roughly 700 Sq.Ft. The kitchen exhaust hood that runs to the roof. This great income producing property will make your portfolio even greater!
Exterior Features

Construction Materials Masonry Garage YN No Parking Types Parking Lot Riparian Rights YN No 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 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 2022 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 Electric Expense 0.00 Gross Income 134076.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 2200.00 Municipality Philadelphia Navigable Water YN N Net Operating Income 126376.00 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 5473.00 Tax Assessment Amount 391000.00 Tax Lot 231 Trash Expense 0.00 Vacation Rental YN No Water Source Public Zoning Cmx1

Listing courtesy of Realty Mark Associates-Cc.


©2022 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 New Home Team of Maryland | RE/MAX Distinctive. 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: 2022-05-21T07:51:10.08.
 
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