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Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $168
Subdivision East Passyunk Crossing
MLS Listing ID PAPH2309324
Sold Date 02/16/24
Style Straight Thru
Abv Grd Liv Area 2,016
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $1,990
Tax Year 2023
Lot Size 890 Sqft
Acres 0.02
Lot Dimensions 15.00 x 60.00
Property Description
If you're in search of a triplex to renovate and transform into a profitable investment, look no further than 1212 Federal Street. This property is ideally located just two blocks away from both Broad Street and East Passyunk Avenue, making it highly desirable for potential tenants. Upon entering the building, you'll find the first-floor unit, which currently offers 1 bedroom, 1 bathroom, and a spacious rear patio. The second and third-floor units feature 2 bedrooms and 1 full bathroom each. Additionally, the third floor provides access to the roof via stairs. The unfinished basement spans the entire property, providing ample storage space for tenants. After renovations, Unit 1 has the potential to generate $1500 or more per month, while Units 2 and 3 could bring in $1900 or more each. 1212 Federal Street boasts a highly walkable location, with easy access to the best restaurants in the area and convenient transportation options. With its desirable location and potential for rental income, this property is worth considering for your next project. Being sold "as-is."
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning RSA5
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Radiant
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 021272100
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Katherine McCann • KW Philly
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Bob Gauger
Broker Associate | License ID: 312506
Broker Associate License ID: 312506