Philadelphia, PA 19147,1501-1503 S 8TH ST
Philadelphia, PA 19147,1501-1503 S 8TH ST
Philadelphia, PA 19147,1501-1503 S 8TH ST
Philadelphia, PA 19147,1501-1503 S 8TH ST
Philadelphia, PA 19147,1501-1503 S 8TH ST
Philadelphia, PA 19147,1501-1503 S 8TH ST
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$525,000

$549,800

4.5%
Est.Price: ?

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Est. payment /mo

3,220 SqFt


SOLD DATE : 06/08/2022

Key Details

Sold Price $525,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 3,220 sqft

Price per Sqft $163

Subdivision Bella Vista

MLS Listing ID PAPH1021616

Sold Date 06/08/22

HOA Y/N N

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $3,489

Tax Year 2022

Lot Size 1,283 Sqft

Acres 0.03

Lot Dimensions 28.00 x 43.00

Property Description

Excellent commercial investment opportunity! Two buildings sold as a pair! 1501 S 8th includes a first floor currently leased by a well respected long-term tenant: the famous Cosmi's Deli founded in 1932. The currently leased 3-bedroom apartment above includes a generous size living room, eat-in kitchen, wood floors, spacious bedrooms and closets. 1503 S 8th is a 2 bedroom single family home, currently rented. 1st floor has a living room, an open concept kitchen, 2nd floor has two bedrooms, one being utilized as a home office. Brand new Firestone rubber roof recently put on 1501 S 8th street ($5500 value), with a transferrable warranty! Located in popular Bella Vista, this central location is extremely walkable with great foot traffic and easily rentable. Gross annual income is $53,145. Tenants pay utilities, Commercial tenant pays utilities, U&O, and pro rated real estate taxes too. Business on the 1st floor of 1501 is NOT included in the sale, just the building. Strong rents, great location, prime opportunity for the savvy investor!

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning CMX1

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871031950

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Gregory J Damis • BHHS Fox & Roach-Center City Walnut
Bought with Gregory J Damis • BHHS Fox & Roach-Center City Walnut
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