1182 South 11th Street
$875,000
Price
5
Beds
5
Baths
2,368 Sq. Ft.
$370 / Sq. Ft.
2,368
Sq. Ft.
$370
per Sq. Ft.
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...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!
- Listed by Stacy L Sanseverino • KW EmpowerP: (215)-431-5431 stacysanseverino@gmail.com
Property Details for 1182 South 11th Street
Tax ID Number
871040900
OwnershipFee Simple
Structure TypeEnd of Row/Townhouse
StyleTraditional
WaterfrontNo
GarageNo
Expected On Market Date11-18-2024
SubdivisionITALIAN MARKET
LISTING UPDATED: 11/25/2024 09:23 AM
Property Details for 1182 South 11th Street
| Status | Active |
|---|---|
| MLS # | PAPH2418998 |
| Days on Market | 16 |
| Taxes | $5,290 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1915 |
| Lot Size | 0.03 AC / 1,440 SF |
| County | Philadelphia County |
Building
1182 S 11th St
Built in 1915
Building Information for 1182 South 11th Street
Stories-Residences-Year Built1915Building Size-Lot Size0.03 AC / 1,440 SF
Property Information for 1182 South 11th Street
Location
Location
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- Elementary School: FANNY JACKSON COPPIN (PHILADELPHIA PA)
- ElementarySchoolSource: Listing Agent
- Middle Or Junior School: FANNY JACKSON COPPIN (PHILADELPHIA PA)
- MiddleSchoolSource: Listing Agent
- High School: FURNESS HORACE (PHILADELPHIA PA)
- HighSchoolSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19147 (19147)
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2025
- Tax Assessed Value: $377,900
- Year Assessed: 2025
- County Tax: $0
- Improvement Assessed Value: $302,320
- City Town Tax: $2,239
- Land Assessed Value: $75,580
- Clean Green Assessed: No
- Land Use Code: Y50
- Zoning: RSA5
- Tax Lot: 102
- School Tax: $2,850
- Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
- Owner Pays: Sewer, Water
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 1
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 3
- Units Leased Count: 3
- Number Of Units Vacant: 0
- Number Of Units Month To Month: 0
- Rent Control: No
Multi Family
Unit 1
- Type: Unit 3
- Unit Type Occupied YN: Yes
- Level: 3
- Unit Type Lease Type: Yearly
- Beds Total: 1
- Full Baths Count: 1
Unit 2
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Level: 1
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Half Baths Count: 0
- Full Baths Count: 2
Unit 3
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Level: 2
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Half Baths Count: 0
- Full Baths Count: 2
Financial Information
Expenses
- Electric Avg Month: $38
- Electric Prev 12 Months: $451
Financial Information
- Gross Income: $68,400
- Gross Scheduled Income: $68,400
- Annual Rental Income: $68,400
- Existing Lease Type: Yearly
Building Info
Building Info
- Building Units Total: 3
- Total Finished SQFT: 2,368.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,368.00
- Total SQFT: 2,368.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Flooring Type: Wood, Ceramic Tile
- Basement Type: Full, Unfinished, Outside Entrance
- Foundation Details: Stone
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Lot Size Dimensions: 18.00 x 80.00
- Lot Dimensions Source: Assessor
- Parcel ID: 886141
Parking
Parking
- Type Of Parking: On Street
Interior Features
Interior Features
- Fireplace: No
- Appliances: Refrigerator, Washer, Dryer, Built-In Microwave, Dishwasher
- Accessibility Features: None
- Virtual Tour URL Unbranded: https://www.phillyspace100.com/11thstreet
Exterior Features
Exterior Features
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
Utilities
Utilities
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Confidential Data
Listing Office
- List Agent AOR: Greater Philadelphia Association of REALTORS
- List Agent URL: www.stacylovesrealestate.com
Property History for 1182 South 11th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1182 South 11th Street
Taxable ValueLand$75,580Additions$302,320Total$377,900
Tax Record2024$5,290 ($441 / month)
Home Facts
Total Finished SqFt2,368 SqFtAbove Grade Finished SqFt2,368 SqFtStories3Lot Size1,440 SqFtStyleOffice BuildingYear Built1915ZoningRSA5CountyPHILADELPHIAAPN02-1-0000-46
Schools near 1182 South 11th Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Fanny Jackson Coppin School PublicPK to 8 | ||
Furness Horace High School Public9 to 12 | ||
Academy At Palumbo Public9 to 12 | ||
Creative And Performing Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of KW Empower
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.