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$875,000

Est. payment - /mo

2,368 SqFt

Active

1182 S 11TH ST Philadelphia, PA 19147

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Hope Greenlee

hope@thebreedengroup.com +1(443) 743-0551

UPDATED:

02/10/2025 02:29 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,368 sqft

Price per Sqft $369

Subdivision Italian Market

MLS Listing ID PAPH2418998

Style Traditional

Abv Grd Liv Area 2,368

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $5,089

Tax Year 2024

Lot Size 1,440 Sqft

Acres 0.03

Lot Dimensions 18.00 x 80.00

Property Description

Whether you want to live in a triplex or purely invest, you can invest in your future with 1 or 2 fully occupied, cash-flowing triplexes in the popular Bella Vista/Italian Market neighborhoods of Philadelphia. 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. If you want to move in, we are just a few months from being able to give notice to a current tenant to vacate so you can move into your favorite unit, or if you prefer, the tenants are happy, love the locations, and are paying near or at-market rents. At 1182, you won't have to worry about making changes after you buy, and at 819, you have the opportunity to make strategic upgrades when units turnover and increase the rents, year after year. Plus, there's potential to increase your earnings by renting out additional storage in the basements to the tenants or someone local who needs extra storage space (or use it for yourself!). Each tenant in each unit pays for their own gas and electric (separate utilities & mechanicals- yea!). The landlord only pays for water for the two buildings and common electric at 1182 S 11th St. Both buildings have the required fire alarms, legal triplex zoning, active rental licenses, and Lead-Safe Certificates from the city. ...... Details about 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. … Details about 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 access to the unfinished portion of the basement. Bilco access from the sidewalk to the basement is temporarily closed shut but could be accessed if needed down the road to rent it out separately. Each unit has in-unit laundry. Tenants use window units for cooling. New water heater (2/2025) for 819's Unit 1! …The opportunity here for investors and owner-occupants alike is perfect- cash flow right out of the gate, and plan to make strategic value-adds along the way to increase your profit!

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning RSA5

Rooms

Basement Full, Unfinished, Outside Entrance

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Wood, Ceramic Tile

Inclusions All Refrigerators, washers, & dryers

Equipment Refrigerator, Washer, Dryer, Built-In Microwave, Dishwasher

Fireplace N

Appliance Refrigerator, Washer, Dryer, Built-In Microwave, Dishwasher

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Fanny Jackson Coppin

Middle Schools Fanny Jackson Coppin

High Schools Furness Horace

School District The School District Of Philadelphia

Others

Tax ID 871040900

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

Financing Cash,Conventional,VA

Special Listing Condition Standard

Virtual Tour https://www.phillyspace100.com/11thstreet

Listed by Stacy L Sanseverino • KW Empower

Hope Greenlee Agent | License ID: 658745

+1(443) 743-0551

hope@thebreedengroup.com

1425 Clarkview Rd, Baltimore, MD, 21209, USA

Hope Greenlee

I am a seasoned Realtor with an impressive 16 years of experience in the real estate industry. Hailing from Baltimore County, I am a proud graduate of Parkville High School, and she furthered her education by pursuing a business degree at a prestigious school in Pittsburgh, Pennsylvania.

With a background as a Multi-Site Property Manager spanning over two decades across Maryland, I have honed my skills and expertise in various facets of real estate. However, my most cherished accomplishment is being a devoted mother to five children.

I am not just a Realtor; I am passionate and market-savvy professional who prioritizes my clients' satisfaction and best interests above all else. My commitment to understanding and meeting my clients' unique needs, combined with my extensive market knowledge, construction expertise, and exceptional negotiation skills, truly sets me apart in the industry.

Whether you're in the market to buy or sell, I promise to provide you with the special attention you deserve from a dedicated real estate professional. My approach is characterized by professionalism, patience, and unwavering loyalty to my clients, ensuring a seamless and satisfying real estate experience.

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Phone

+1(443) 743-0551

hope@thebreedengroup.com

Address

1425 Clarkview Rd, Baltimore, MD, 21209, USA

1182 S 11TH ST Philadelphia, PA 19147

Hope Greenlee

Key Details

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Rooms

Interior

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1182 S 11TH ST