Price Reduction
Address
700 S 2Nd Street, Philadelphia, PA
Price
$ 1,250,000
Property Attributes
- MLS#PAPH2336690
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19147
- NeighborhoodQueen Village
- Zip19147
- StyleStraight Thru
- Year Built1986
- Taxes$ 9301
- Price$ 1,250,000
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description
Welcome to 700 S 2nd St, this expansive corner property runs almost a full city block, and offers 4 sources of rental income. Located on a highly desirable Queen Village street, this impressive building has been beautifully maintained and upgraded since 1970. The main floor unit offers plenty of natural sunlight and has one bedroom on the main level, with the possibility of another bedroom in the finished basement. The basement also offers additional living space and a full bathroom with tub. In the main building there are two additional two bedroom rental units, one which is currently rented out and the other vacant and ready for new tenants. There is an addition on the property which houses another two bedroom rental unit which is currently rented out by a long term tenant. Connected to the addition there is a bonus space currently shared by the tenants and offers added storage space. This property offers substantial value to an investor or owner occupant with the potential of four sources of monthly income. **Property can also be purchased as a package with 619 S 2nd Street MLS# PAPH2336758**
| Price History | |
|---|---|
| 3/29/2024 | Listed $1,350,000 |
| 5/2/2024 | 8% - $1,250,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Electric,Forced Air |
| Cooling | Central A/C |
| Possession | Negotiable |
| Zoning | RM1 |
| Architectural Style | Straight Thru |
| Construction Materials | Masonry |
| Exclusions | tenants personal property |
| Year Built | 1986 |
| Property SubType | Quadruplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Accessibility | Level Entry - Main,No Stairs |
| County | PHILADELPHIA |
| Insurance Expense | 4600.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | QUEEN VILLAGE |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | At the corner of 2nd & Bainbridge st. |
| ModificationTimestamp | 2024-05-08T08:15:52 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 4 |
| MLS Area | 19147 (19147) |
| Lot Size Square Feet | 2304.00 |
| Tax Assessed Value | 664500.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 2 |
| Street Name | 2ND |
| Tax Annual Amount | 9301.0 |
| Home Warranty Y/N | No |
| Property Condition | Excellent |
| Two Bedroom | 3 |
| Structure Type | End of Row/Townhouse |
| One Bedroom Units Count | 1 |
| NumberOfUnitsVacant | 2 |
| Other Units | Unit 1,Unit 2,Unit 4,Unit 3 |
| Price Per Sq Ft | 299.33 |
| Acceptable Financing | Negotiable |
| Historic Y/N | Yes |
| Vacation Rental Y/N | No |
| Total SQFT | 4176 |
| Days on Market | 41 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 120 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Full,Fully Finished,Improved,Space For Rooms,Walkout Stairs |
| Hot Water | Natural Gas |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
Exterior Features
| Pool Y/N | No Pool |
|---|---|
| Water Source | Public |
| Inclusions | any appliances currently at the property with no monetary value. |
| Type of Parking | On Street |
| Land Use Code | Y50 |
| Foundation Details | Block |
| Water View Y/N | No |
| Lot Dimensions | 18.00 x 128.00 |
| Lot Size Acres | 0.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 132900.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19147
Price
Taxes
Visits
Year Built
© BRIGHT, All Rights Reserved
