1230 S 2nd St,PHILADELPHIA, PA 19147
PHILADELPHIA, PA 19147
Description
"PROPERTY IS SOLD AS A PACKAGE. LIST PRICE REFLECTS SALE OF 1228 S 2ND 1230 S 2ND AND PHILIP ST" Presenting the opportunity to acquire the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, an attractive and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand. The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover. As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and 1231 S. Philip Street presents a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia's development boom.
Details
| MLS # | PAPH2575468 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 266 |
| Listing Provided By | TCS Management, LLC | Moshe Adika |
Features
| SQ Feet | 1,728 |
|---|---|
| Basement | Y |
| Units | 2 |
| Zoning | RSA5 |
| Acreage | 0.02 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Brick/Mortar, Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4640 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19147 |
| Area | 19147 (19147) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19147) | |
Price: $1,300,000 low | high Med: $389,900 sqft: 1,728 low | high Med: 810 $ / sqft: $752 low | high Med: $481 On site: 266 low | high Med: 93 | |
Market Activity 19147
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19147 |
| Area | 19147 (19147) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19147) | |
Price: $1,300,000 low | high Med: $389,900 sqft: 1,728 low | high Med: 810 $ / sqft: $752 low | high Med: $481 On site: 266 low | high Med: 93 | |
 | $1,200,0001231 S Philip StPhiladelphia, PA 19147 |
