#PAPH2434872, Michelle Jiang, Listing Office: A Plus Realtors LLC
$7,719
closing credit¹
819 S 11th St Philadelphia, PA 19147
Property details
About 819 S 11th St
Invest in your future with 1 or 2 fully occupied, cash-flowing triplexes in the popular Bella Vista/Italian Market neighborhood of Center City. 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. The tenants are happy, love the location, and are paying near or at-market rents, so you don’t have to worry about making dramatic changes after you buy. Plus, there’s potential to increase your earnings by renting out additional storage in one of the two basements to the tenants or someone local who needs extra storage space (or use it for yourself!). You can also do some modest upgrades when units turnover and increase the rents year after year. Each tenant in each unit pays for their gas and electric (separate utilities & mechanicals- yea!). The landlord only pays for water for the two buildings and common electric in 1 of the 2 buildings. Both units have the required fire alarms, RM1 Zoning, active rental licenses, and Lead-Safe Certificates from the city. Details about this building: 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 exclusive access to the unfinished portion of the basement. Bilco access to the basement is temporarily closed shut but could be accessed if needed down the road. Each unit has in-unit laundry. Tenants use window units for cooling. ...... Details about the other building: 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....... The opportunity here is perfect- cash flow right out of the gate, and plan to make strategic value-adds along the way to increase your profit!
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2418994
- MLS Name: BRIGHT
- Office Name: KW Empower
- Office Phone: (215) 627-3500
- Office Email: vicki@kwempower.com
- Listing Agent: Stacy L Sanseverino
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Last updated on: 2/1/2025, 9:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$650,000
819 S 11th St
$7,719
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 20, 2007 | Home Sold | $372,000 |
Jul 20, 2004 | Home Sold | $330,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $451,700 | $6,322 |
2022 | $451,700 | $4,819 |
2021 | $- | $4,819 |
2020 | $344,300 | $4,819 |
2019 | $340,900 | $4,771 |
2018 | $333,900 | $4,673 |
2017 | $372,700 | $5,217 |
History based on county public records data.
Nearby schools
5
Francis Scott Key School
Public District KG-6
1.3 mi
•2230 S 8th St
3
Stephen Girard Elementary School
Public District KG-4
1.4 mi
•1800 Snyder Ave
7
Abram Stockton Jenks School
Public District KG-5
1.5 mi
•2501 S 13th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $59,959. The most common annual income of people living in Philadelphia, PA is less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
Similar homes for sale
This home is located at 819 S 11th St in Philadelphia, PA and zip code 19147 in the South Philadelphia neighborhood. This 2,451 square foot home, which was built in 1915, sits on a 0.02 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $650,000.
In January 2025, from all listings sold in Philadelphia, PA there were more than 152 sold above asking price, over 457 sold below and more than 186 were sold right at the asked price. The number of listings in Philadelphia, PA increased by 3.5% between December and January 2025. Listings spent 52 days on the market in January 2025, and had a median list price of $266,945 during the same period.