819 South 11th Street
$675,000
5
3
2,451
2,451
$275
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: 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. ...... 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. 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....... 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 819 South 11th Street
Tax ID Number
871504590
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleTraditional
WaterfrontNo
GarageNo
Expected On Market Date11-18-2024
SubdivisionBELLA VISTA
LISTING UPDATED: 11/19/2024 01:40 PM
Property Details for 819 South 11th Street
Status | Active |
---|---|
MLS # | PAPH2418994 |
Days on Market | 5 |
Taxes | $6,844 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1915 |
Lot Size | 0.02 AC / 1,045 SF |
County | Philadelphia County |
Building Information for 819 South 11th Street
Stories-Residences3Year Built1915Building Size-Lot Size0.02 AC / 1,045 SF
Property Information for 819 South 11th Street
Property History for 819 South 11th 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 819 South 11th Street
Taxable ValueLand$90,340Additions$361,360Total$451,700
Tax Record2023$6,323 ($527 / month)
Home Facts
Total Finished SqFt2,451 SqFtAbove Grade Finished SqFt2,451 SqFtStories3Lot Size1,045 SqFtStyleOffice BuildingYear Built1915ZoningRM1CountyPHILADELPHIAAPN87-1-5045-90
Schools near 819 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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