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2500 S Hobson Street

PHILADELPHIA, PA 19142
  • $169,999
  • STATUS: Active
  • ON SITE: 237 Days
  • ID#: PAPH2300582
Price Reduced
UPDATED: 99 min ago
$169,999
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,518
    SQFT
  • $112
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Information

Elementary School:
Middle School:
High School:

Description

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.

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©2024 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 The Pierre Group | United Real Estate. 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: 2024-07-23T17:52:32.8.
www.thepierreregroup.com/homes/145524972
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2500 S Hobson Street PHILADELPHIA, PA 19142

  • Price: $169,999
  • Status: Active
  • On Site: 237 Days
  • Updated: 99 min ago
  • ID#: PAPH2300582
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1,518
SQFT
$112
$/SQFT
1935
Built
Neighborhood:
19142 (19142)
County:
Philadelphia
Area:
19142 (19142)
Elementary School:
John M Patterson
Middle School:
Penn Alexander School
High School:
Bartram J
School District:
The School District Of Philadelphia
Property Description
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.
Exterior Features

Architectural Style Dwelling with Rental Construction Materials Masonry Garage YN No Parking Types On Street Pool No Pool Property Condition GoodVery GoodExcellent Roof Flat Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1518 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Heating Radiator Heating YN Yes Single Room Units 1 Three Bedroom Units 1 Two Bedroom Units 0 Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features None Central Air YN No Cooling Fuel Electric Cross Street S 68th Street Foundation Details Brick/Mortar Heating Fuel Electric Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 3 Number Of Units Vacant 1 Original MLSNumber 802751635710 Ownership Interest Fee Simple Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 1641.00 Tax Lot S404 Total Actual Rent 18000.00 Vacation Rental YN No Water Source Public Zoning CMX2

Listing courtesy of RE/MAX Classic: .


©2024 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 The Pierre Group | United Real Estate. 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: 2024-07-23T17:52:32.8.
 
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The Pierre Group | United Real Estate
676 Swedesford Rd
Wayne PA, 19087