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Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,945 sqft
Price per Sqft $146
Subdivision Wharton
MLS Listing ID PAPH2323230
Sold Date 03/21/24
Style Traditional
Abv Grd Liv Area 1,945
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $4,428
Tax Year 2022
Lot Size 758 Sqft
Acres 0.02
Property Description
Exceptional Investment Opportunity Awaits You! Welcome to 2008 S. 7th Street, an impeccably maintained Triplex nestled in the highly sought-after South Philadelphia neighborhood. This property presents a lucrative investment prospect that you won't want to miss. The first-floor apartment, featuring a welcoming front entrance, boasts 2 bedrooms and a full bath. While currently occupied, the tenant will vacate prior to settlement, providing you with immediate flexibility. The second and third-floor apartments, accessible through a secured gated side alley, are currently vacant. The second-floor apartment is comprised of 3 bedrooms, one conveniently situated adjacent to the stairs, along with a full bath. Ascend to the third floor, where a 2-bedroom apartment awaits, complete with a full bath and a staircase leading to roof access. In 2023, significant updates were made to enhance the property's value and longevity. A brand-new main roof, downspout, and white aluminum metal perimeter installation ensure structural integrity, while a fresh waterproofing cement sealant adds an extra layer of protection. The secondary roof underwent comprehensive sealing and coating for added durability. Moreover, the sewer main was fully replaced in 2023, featuring new plumbing up to the city sewer connection in the street. This demonstrates a commitment to modernization and longevity, giving you peace of mind as an investor. Beyond the property's features, its strategic location adds to its appeal. Enjoy close proximity to public transportation and shopping, making it convenient for both tenants and potential buyers alike. Additionally, easy commuting access to Center City landmarks, Lincoln Financial Field, Citizens Bank Park, and the Wells Fargo Center in South Philadelphia enhances its overall desirability. Don't let this incredible income-generating property slip through your fingers. Seize the opportunity to invest wisely in a well-maintained triplex situated in the heart of South Philadelphia. Cash or Conventional purchases ONLY.
Location
State PA
County Philadelphia
Area 19148 (19148)
Zoning CMX2
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Ceramic Tile, Vinyl, Hardwood
Fireplace N
Heat Source Electric
Exterior
Water Access N
View City
Roof Type Rubber,Flat
Street Surface Paved
Accessibility None
Road Frontage City/County
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 393180300
Ownership Fee Simple
SqFt Source Estimated
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Benjamin Wong • BHHS Fox & Roach-Blue Bell