1182 S 11TH ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19147
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,368 sqft
Price per Sqft $369
Subdivision Italian Market
MLS Listing ID PAPH2418998
Style Traditional
Abv Grd Liv Area 2,368
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $5,290
Tax Year 2025
Lot Size 1,440 Sqft
Acres 0.03
Lot Dimensions 18.00 x 80.00
Property Description
Invest in your future with 1, 2, or 3 of these fully occupied, cash-flowing triplexes in the popular Bella Vista/Italian Market neighborhood of Center City. The owners are ready to retire and pass on their success to you. With a 99% occupancy rate spanning 3 to 17 years, make your first investment an “easy win,” or add another solid multi-family building to your portfolio. Either way- it’s a win. The tenants are happy, love the location, and are paying near or at-market rents, so you don’t have to worry about making dramatic changes after you buy. Plus, there’s potential to increase your earnings by renting out additional storage in 2 of the 3 basements to the tenants or someone local who needs extra storage space (or use it for yourself!). You can also do some modest upgrades when units turnover and increase the rents year after year. Each tenant in each unit pays for their gas and electric (separate utilities & mechanicals- yea!). The landlord only pays for water for the 3 buildings and common electric in 2 of the 3 buildings. All units have the required sprinkler systems, RM1 Zoning, active rental licenses, and Lead-Free (811) or Lead-Safe (819 & 1182) Certificates from the city....... Details about this building: 1182 S 11th: Gross rent is $5700/mo for two 2-bed/2 bath flats and one 1-bed/1bath flat. The third floor has a private roof deck, and all units have central air and in-unit laundry. The basement is available for your use or an opportunity to add value by providing additional storage for the tenants. ..... Details about the other two buildings: 811 S 11th: Gross rent is $5550/mo over three 2 bed/1 bath flats. Each unit has C/A, private outdoor space, and a storage cage in the back portion of the basement. Units 1 & 3 have in-unit laundry. Unit 2 uses the laundry in the basement. The front part of the basement is available and easily used for additional storage for you or someone else. 819 S 11th: Gross rent is $4500/mo for two 2-bed/1-bath flats and one 1-bed/1-bath flat. The first floor has outdoor space and access to an extra basement room that is finished, plus exclusive access to the unfinished portion of the basement. Bilco access to the basement is temporarily closed shut but could be accessed if needed down the road. Each unit has in-unit laundry. Tenants use window units for cooling. .......The opportunity here is perfect- cash flow right out of the gate, and plan to make strategic value-adds along the way to increase your profit!
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning RSA5
Rooms
Basement Full,Unfinished,Outside Entrance
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Wood,Ceramic Tile
Inclusions All Refrigerators, washers, & dryers
Equipment Refrigerator,Washer,Dryer,Built-In Microwave,Dishwasher
Fireplace N
Appliance Refrigerator,Washer,Dryer,Built-In Microwave,Dishwasher
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
Elementary Schools Fanny Jackson Coppin
Middle Schools Fanny Jackson Coppin
High Schools Furness Horace
School District The School District Of Philadelphia
Others
Tax ID 871040900
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,VA
Listing Terms Cash,Conventional,VA
Financing Cash,Conventional,VA
Special Listing Condition Standard