School District: The School District Of Philadelphia
Address: 1717 SOUTH ST
Neighborhood: Graduate Hospital
When opportunity knocks! This property, which spans from 1717 South Street to 1714 Rodman Street is the opportunity of a lifetime! So many options available. There is an approximately 1000 square foot storefront with access to the basement, and with all newer systems and a private office and bathroom on bustling South Street. This was previously rented at $3,200.00/ month. There is also a bilevel 3 bedroom, 3 bathroom apartment with interior access to the roof, perfect for a deck upgrade, in good shape that needs minor cosmetics, but it is in a Stellar location, and could command huge rents. This unit was previously rented at $2,500.00/ month but could easily rent with minor changes at $3,200.00-$3,600.00/ month. So the Topper on the Cake is that their is an additional 1 bedroom, 1.5 bathroom completely rehabbed, separate house facing gorgeous Rodman Street that is included in the sales price, which was previously rented for $1,900.00/ month. Yes, for the price you would normally pay just for a South Street storefront, You get an additional $450,000.00 townhouse included. Both these properties are on the same deed and the seller, not living locally, is not going to separate them. Just consider the numbers and options. Acquire and keep together and enjoy a nice 9.5% cap rate in Center City, or separate the addresses and sell off the parts, or not. Either way, this is a Win, Win situation!! Make your move today!
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