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727 S 2ND Street

PHILADELPHIA, PA 19147
  • $2,150,000
  • STATUS: Active
  • ON SITE: 175 Days
  • ID#: PAPH2094690
UPDATED: 63 min ago
$2,150,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1906
County:

School Information

Elementary School:
High School:

Description

This amazing, beautiful corner CMX building (5 units - 4 residential & 1 restaurant) in QUEEN VILLAGE has it ALL! 1st fl is the Restaurant, Teresa's Mesa, which has a great food and ambience; (4) apartments have a separate entrances on Monroe St. This corner building stands very charming with the beautiful brick exterior and it is well maintained. It also has a one-car PARKING on site, which could be used by the owner or rented out (It is currently rented to one of the tenants). The popular Teresa's Mesa restaurant has a nice vibe and it has a full kitchen downstairs. The top floor is a gorgeous and spacious 2BD/1BA, sun-filled unit. The 2nd floor offers (2x) studios, one of them is rented for a long time, #2F will be rented for $1200 soon. The 1R apartment has another separate entrance and it is rented with a parking space. This property is usually fully leased but #2F is currently vacant. All units have separate utility meters. The combined 1st floor commercial space has basement kitchen roughly 700 Sq.Ft. The kitchen exhaust hood that runs straight to the roof. This great income producing property will make your portfolio even greater! Schedule a showing.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T16:50:35.517.
www.tomtoole.com/homes/127325276
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727 S 2ND Street PHILADELPHIA, PA 19147

  • Price: $2,150,000
  • Status: Active
  • On Site: 175 Days
  • Updated: 63 min ago
  • ID#: PAPH2094690
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1906
Built
Neighborhood:
19147 (19147)
County:
Philadelphia
Area:
19147 (19147)
Elementary School:
William M. Meredith School
High School:
Horace Furness
School District:
The School District Of Philadelphia
Property Description
This amazing, beautiful corner CMX building (5 units - 4 residential & 1 restaurant) in QUEEN VILLAGE has it ALL! 1st fl is the Restaurant, Teresa's Mesa, which has a great food and ambience; (4) apartments have a separate entrances on Monroe St. This corner building stands very charming with the beautiful brick exterior and it is well maintained. It also has a one-car PARKING on site, which could be used by the owner or rented out (It is currently rented to one of the tenants). The popular Teresa's Mesa restaurant has a nice vibe and it has a full kitchen downstairs. The top floor is a gorgeous and spacious 2BD/1BA, sun-filled unit. The 2nd floor offers (2x) studios, one of them is rented for a long time, #2F will be rented for $1200 soon. The 1R apartment has another separate entrance and it is rented with a parking space. This property is usually fully leased but #2F is currently vacant. All units have separate utility meters. The combined 1st floor commercial space has basement kitchen roughly 700 Sq.Ft. The kitchen exhaust hood that runs straight to the roof. This great income producing property will make your portfolio even greater! Schedule a showing.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2688.00 Cooling Central A/C Exclusions Fireplace Mantel Heating 90% Forced Air Heating YN Yes Net Square Feet 2688.00

Property Features

Acceptable Financing CashPrivateJoint VentureConventional Accessibility Features None Annual Gross Expense 7473.00 Assessment Year 2022 Association Expense 0.00 Business Type Apartment BuildingOther/General RetailParking LotProfessionalRestaurant/BarSupermarket/Grocery StoreOtherHair Salon And Spa Central Air YN Yes Cooling Fuel Natural Gas Electric Expense 0.00 Gross Income 134160.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 2200.00 Municipality Philadelphia Navigable Water YN N Net Operating Income 126487.00 New Construction YN No Number Of Units Total 5 Operating Expense Includes InsuranceOther Original MLSNumber 801408548146 Owner Pays Taxes - Real Estate Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 5473.00 Tax Assessment Amount 391000.00 Tax Lot 231 Trash Expense 0.00 Vacation Rental YN No Water Source Public Zoning Cmx1

Listing courtesy of Realty Mark Associates-Cc: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T16:50:35.517.
 
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