2500 S HOBSON ST Philadelphia, PA 19142
UPDATED:
09/18/2024 04:33 AM
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,518 sqft
Price per Sqft $111
MLS Listing ID PAPH2300582
Style Dwelling with Rental
Abv Grd Liv Area 1,518
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $1,641
Tax Year 2024
Lot Size 1,150 Sqft
Acres 0.03
Lot Dimensions 17.00 x 70.00
Property Description
**Investment Opportunity: Prime Mixed-Use Property with Stable Tenancy**
Discover a lucrative investment opportunity with this strategically positioned property that combines the best of residential and commercial real estate. This asset boasts two potential residential units and a thriving commercial space, all of which are currently tenant-occupied, ensuring a steady and reliable income stream.
1. **Residential Units:**
- The main house is being used as one unit even though the basement may be converted into its own unit.
- Both units are currently occupied by reliable tenants, providing immediate cash flow.
- Relatively well-maintained interiors and modern amenities enhance the overall appeal of the living spaces.
- The residential component ensures a stable rental income with the potential for future appreciation.
2. **Commercial Unit:**
- The property includes a versatile commercial unit, catering to a wide range of businesses.
- High visibility and foot traffic in the area make this commercial unit an attractive prospect for potential lessees.
- Currently occupied by a cell phone store.
3. **Location:**
- Strategically located in a high-demand area, the property benefits from a growing community and increasing property values.
- Proximity to key amenities, public transportation, and commercial hubs adds to the property's appeal.
- Brand new amazon fullfilment facility directly across the street which should provide financial growth for the community.
4. **Financial Stability:**
- With all units currently leased, investors can enjoy immediate returns on their investment.
- The mix of residential and commercial tenants diversifies the income stream, reducing risk and enhancing stability.
5. **Potential for Value Enhancement:**
- The property offers potential for value enhancement through strategic renovations or improvements, further increasing rental income and property value. Similar properties fully renovated have sold for over 350k.
**Investment Highlights:**
- Strong and diverse rental income from both residential and commercial tenants.
- Immediate cash flow.
- Opportunity for future appreciation in a high-demand location.
- Well-maintained and attractive property with potential for value enhancement.
Don't miss out on this exceptional investment opportunity that combines the reliability of residential leasing with the potential for lucrative commercial returns. Contact us today to secure your stake in this prime real estate venture.
Location
State PA
County Philadelphia
Area 19142 (19142)
Zoning CMX2
Interior
Hot Water Electric
Heating Radiator
Cooling None
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
Elementary Schools John M Patterson
Middle Schools Penn Alexander School
High Schools Bartram J
School District The School District Of Philadelphia
Others
Tax ID 406085910
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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