35
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Listed by Alex Prince • TCS Management, LLC
$1,300,000
Est. payment /mo
2,934 Sqft Lot
New
1228-30 S 2ND ST Philadelphia, PA 19147
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2574546
Year Built 1915
Annual Tax Amount $4,640
Tax Year 2024
Lot Size 2,934 Sqft
Acres 0.07
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire
the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a
boutique 7-unit multifamily property located in the heart of Pennsport, an attractive
and rapidly gentrifying residential neighborhood in South Philadelphia. The Property
offers investors an attractive entry point into a strong neighborhood known for low
vacancy, strong demographics, and sustained rental demand.
The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units
and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent
of $1,551. The layouts cater to a diverse renter base, including young professionals,
couples, and small families. In-place rents range from $1,400 to $1,700 for the
one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing
measurable room for repositioning or incremental increases through turnover.
As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and
1231 S. Philip Street presents a compelling opportunity for investors seeking rental
upside, high tenant demand, and future appreciation driven by a neighborhood that
has benefited from Philadelphia's development boom.
the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a
boutique 7-unit multifamily property located in the heart of Pennsport, an attractive
and rapidly gentrifying residential neighborhood in South Philadelphia. The Property
offers investors an attractive entry point into a strong neighborhood known for low
vacancy, strong demographics, and sustained rental demand.
The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units
and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent
of $1,551. The layouts cater to a diverse renter base, including young professionals,
couples, and small families. In-place rents range from $1,400 to $1,700 for the
one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing
measurable room for repositioning or incremental increases through turnover.
As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and
1231 S. Philip Street presents a compelling opportunity for investors seeking rental
upside, high tenant demand, and future appreciation driven by a neighborhood that
has benefited from Philadelphia's development boom.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning RSA5
Interior
Hot Water Other
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar, Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 021384110
Ownership Fee Simple
Special Listing Condition Standard
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