• 2500 S Hobson Street PHILADELPHIA, PA 19142

  • $195,000
  • 0
    Bed(s)
  • 0
    Baths
  • 1,518
    Sq Ft
  • 1150
    Sqft

The property is fully occupied. Please confirm the showing with the selling agent. 48 HR Notice is required. The only showing window will be 12/15/23 from 2 PM - 4 PM **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.

Property Type :

Multi-Family

County :

PHILADELPHIA

Style :

Multi-Family

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Property Details

 

Water/Sewer

Water Source : Public

Interior Features

Roof : Flat

Roofing Information

Flat

Heating & Cooling

Cooling: None

Heating: Radiator

Cooling Fuel: Electric

Heating Fuel: Electric

Building Information

Year Built: 1935

Structure: End of Row/Townhouse

New Construction: No

Total Units: 3

Built: 1935

Construction Material: Masonry

Roof: Flat

Foundation/Basement: Brick/Mortar

Architecture: Dwelling with Rental

Pool/Private: No Pool

Roof Type: Flat

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Electric

Lot Information

Lot Size: 1,150

Dimensions: 17.00 x 70.00

Lot Size (Acres): 0.03

Architectural Style: Dwelling with Rental

Stories Total: 2

Main Square Feet: 1,150

Property Information

SQ ft: 1,518

SQ ft (Living Area): 1,518

Total Lot SQ ft: 1,150

Financing: Cash,Conventional

Appx. Lot Dimensions: 17.00 x 70.00

Total Acreage: 0.03

New Construction: No

Type: Dwelling with Rental

Listing Information

Possession: Immediate,Negotiable,0-30 Days CD,31-60 Days CD,61-90 Days CD

Days Of Market: 115

Tax Information

Annual Tax: $1,641

Tax Year: 2022

Total Taxes Payment Frequency: Annually

Possession

Immediate,Negotiable,0-30 Days CD,31-60 Days CD,61-90 Days CD

Assessment Information

Taxes Assessment Amount: $117,300

Parking Information

Parking Type: On Street

Has Garage: N

Multi-Unit Information

Acceptable Financing: Cash,Conventional

Roof: Flat

Homeowners Association Information

Direction: Philadelphia Pennsylvania Take Walnut St, I-76, W Passyunk Ave and S 61st St to Buist Ave 16 min (5.6 mi) Continue on Buist Ave. Drive to Hobson St 4 min (0.7 mi) 2500 Hobson St Philadelphia, PA 19142

School Information

Elementary School: JOHN M PATTERSON

Middle OR Junior School: PENN ALEXANDER SCHOOL

High School: BARTRAM J

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Utility Information

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Electric

Hot Water: Electric

Location Information

Direction: Philadelphia Pennsylvania Take Walnut St, I-76, W Passyunk Ave and S 61st St to Buist Ave 16 min (5.6 mi) Continue on Buist Ave. Drive to Hobson St 4 min (0.7 mi) 2500 Hobson St Philadelphia, PA 19142

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
6706 Woodland Avenue , Philadelphia, PA,19142 $199,000 -- -- -- 1132 Sqft
6308 Chester Avenue , Philadelphia, PA,19142 $79,999 -- -- -- 1168 Sqft
2034 S 61st Street , Philadelphia, PA,19142 $95,000 -- -- 1,231 1231 Sqft
7129 Grays Avenue , Philadelphia, PA,19142 $260,000 1 1.0 910 5267 Sqft
7036 Greenway Avenue , Philadelphia, PA,19142 $50,000 -- -- 2,007 2007 Sqft
7038 Greenway Avenue , Philadelphia, PA,19142 $50,000 -- -- 2,007 2007 Sqft
6901 Greenway Avenue , Philadelphia, PA,19142 $25,000 -- -- 396 396 Acres
6151 Reedland Street , Philadelphia, PA,19142 $124,999 3 1.0 1,092 937 Sqft
6148 Reedland Street , Philadelphia, PA,19142 $109,900 3 1.0 -- 992 Sqft
6600 Woodland Avenue , Philadelphia, PA,19142 $570,000 -- -- 3,140 1808 Sqft

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 05/08/2024 @ 20:48

MLS: PAPH2300582
LISTED BY: William Holder , RE/MAX Classic
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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