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1231 S PHILIP STREET

PHILADELPHIA , PA 19147

MLS#: PAPH2575476

$1,300,000

Status: Active
Listing number: PAPH2575476
Listing provided by: TCS Management, LLC
Listing agent phone: None
Last update: 3 days ago
New on site 4 days ago
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Property

Beds

2

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

1,440

"PROPERTY IS SOLD AS A PACKAGE. LIST PRICE REFLECTS SALE OF 1228 S 2ND 1230 S 2ND AND PHILIP ST" Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, an attractive and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand. The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover. As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and 1231 S. Philip Street presents a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia’s development boom.

Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1440.0

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.02

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Other

Price

  • Sales Price

    $1,300,000

  • Tax Amount

    4209.0

  • Sq. Footage

    1, 440

  • Price/SqFt

    $902

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Other

  • Sewer

    Public Sewer

  • Tax Lot

    427

  • Water Source

    Public

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Location

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PHILADELPHIA

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Listing Courtesy of Alex C Prince , TCS Management, LLC

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"PROPERTY IS SOLD AS A PACKAGE. LIST PRICE REFLECTS SALE OF 1228 S 2ND 1230 S 2ND AND PHILIP ST" Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, an attractive and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand. The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover. As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and 1231 S. Philip Street presents a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia’s development boom.

1231 S PHILIP STREET

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