819 S 11th Street
Philadelphia, PA 19147
- – beds
- – baths
- 2,451 sqft
- 1,045 sqft lot
- $275 per sqft
- 1915 build
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!
Listing courtesy of BRIGHT / KW Empower
Last checked:
Checking…
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Last updated Nov 25, 2024
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MLS# PAPH2418994 —
The Building
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Year Built:1915
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Year Built Source:Assessor
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Roof:Flat
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:3
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Structure Type:Interior Row/Townhouse
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Architectural Style:Traditional
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Full, Unfinished, Outside Entrance
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:2451
Interior
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Flooring Type:Wood, Carpet, Ceramic Tile
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:2451
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Living Area SqFt:2,451 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, VA
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Possession:Immediate, 31-60 Days CD, 61-90 Days CD
Location
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Directions:11th Street between Catharine and Christian Streets.
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Cross Street:Catharine Street
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Latitude:39.93960000
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Longitude:-75.16065000
The Property
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Property Subtype:Triplex
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Property Type:Multi-Family
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Lot Size Units:Square Feet
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Lot Size Acres:0.02
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Lot Size Source:Assessor
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Lot Size Dimensions:17.00 x 60.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,045 Sqft
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Inclusions:All refrigerators, washers, & dryers
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Zoning:RM1
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:Y50
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 431-5431
- Office phone:
- (215) 627-3500
Taxes
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Tax ID Number:871504590
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Tax Year:2025
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Tax Lot:216
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Tax Annual Amount:$6,844
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Tax Assessed Value:$488,900
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Year Assessed:2025
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School Tax:3540.0
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City/Town Tax:2782.00
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Total Taxes Payment Frequency:Annually
The Listing
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Appliances:Refrigerator, Washer, Dryer, Built-In Microwave, Dishwasher
Schools
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Elementary School:Fanny Jackson Coppin
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Middle School:Fanny Jackson Coppin
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High School:FURNESS HORACE
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Subdivision Name:Bella Vista
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Other Units:Unit 1,Unit 2,Unit 3
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Vacation Rental:No
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One Bedroom Units:1
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Two Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/17/24
Nov 17, 2024
|
Listed / Active | BRIGHT | $675,000 |