616 South Hancock Street
$765,000
3
3
3,180
3,180
$241
Closed 11/30/21
Description
Perfect opportunity for a beautifully updated and maintained turn-key triplex in Queen Village. Ideal for an investor looking for a solid ROI in a red-hot area. All units are currently rented and building brings in $57,180/year in rental income. (Unit 1: 1BD/1bth at $1,470/month. Unit 2: 1BR/1bth at $1,320/month. Unit 3: 1BR plus Den/1.5bth at $1,975/month. All leases automatically renew each year with slight increases in monthly rent). Building has fully separated gas and electric. Each unit has...Perfect opportunity for a beautifully updated and maintained turn-key triplex in Queen Village. Ideal for an investor looking for a solid ROI in a red-hot area. All units are currently rented and building brings in $57,180/year in rental income. (Unit 1: 1BD/1bth at $1,470/month. Unit 2: 1BR/1bth at $1,320/month. Unit 3: 1BR plus Den/1.5bth at $1,975/month. All leases automatically renew each year with slight increases in monthly rent). Building has fully separated gas and electric. Each unit has its own HVAC with Central Air. Each unit has really nice outdoor space. And each unit has excellent space, layout, and light. The 3rd floor has its own Washer/Dryer in unit and the 1st and 2nd floor units share a washer and dryer in the really clean basement (which also provides excellent storage). Hancock Street is a quiet tree-lined block (just a single block long), one block from Head House Square and the awesome Society Hill Farmers Market and all of the restaurants and shopping of Queen Village, Society Hill, and South Street. This is a stellar property in an excellent location (98 WalkScore).
Listing Agent
Property Details for 616 South Hancock Street
Tax ID Number
023097610
OwnershipFee Simple
HOANo
Structure TypeDetached
StyleOther
WaterfrontNo
GarageNo
Expected On Market Date08-16-2021
LISTING UPDATED: 08/27/2022 11:11 PM
Property Details for 616 South Hancock Street
Status | Closed |
---|---|
MLS # | PAPH2015660 |
Days on Market | 43 |
Taxes | $11,131 / 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 / 1,170 SF |
County | Philadelphia County |
Buyer's Agent Compensation | 3% |
Building Information for 616 South Hancock Street
Stories-Residences3Year Built1915Building Size-Lot Size0.03 AC / 1,170 SF
Property Information for 616 South Hancock Street
Property History for 616 South Hancock Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 616 South Hancock Street
Taxable ValueLand$109,720Additions$438,880Total$548,600
Tax Record2024$7,679 ($640 / month)
Home Facts
Total Finished SqFt3,180 SqFtAbove Grade Finished SqFt3,180 SqFtStories4Lot Size1,170 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRM1CountyPHILADELPHIAAPN02-3-0976-10
Schools near 616 South Hancock Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Meredith William M School PublicK to 8 | ||
Furness Horace High School Public9 to 12 | ||
Constitution High School Public9 to 12 | ||
Academy At Palumbo 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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