1428 South 10Th Street Philadelphia, PA 19147

$425,000
0.02
Acres
2,040
SQFT
208
$/SQFT
$425,000
2,040   sf
$208 / sf
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active
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FRESH PRICING!One-of-a-kind location in Passyunk Square. This triplex sits on 10th Street right off Passyunk Avenue, directly across from the Acme and CVS, so groceries and the pharmacy are just a walk across the street.The building offers three one-bedroom, one-bath units, each occupying a full floor. The floor plan is the same throughout: living room in the front, kitchen in the middle, and a large bathroom right off the bedroom in the back. The first-floor unit has a large backyard and uses the basement for storage and laundry.All three units are occupied by long-term tenants. Current rents total $3,425 per month, or $41,100 per year, with no vacancy, for a gross rent multiplier of approximately 10.3 at the new price. Comparable one-bedrooms in small buildings nearby are renting for $1,500 to $1,700 with mid-level updates and $1,900 or more fully renovated, leaving real room to grow the income as leases turn.The neighborhood does a lot of the work here. The East Passyunk Avenue dining and shopping corridor is a few blocks away, along with the Singing Fountain at 11th and Tasker Street. The 9th Street Italian Market is a short walk east. Columbus Square Park offers green space, a playground, and a recreation center, and the Broad Street Line and nearby bus routes put Center City minutes away.Each unit needs some updating, but the bones are solid. Keep it as a multifamily and renovate one floor at a time while the other two keep paying, or convert it into an amazing single-family home. At roughly $141,700 per unit in Passyunk Square, this property is ready for your vision. Come see it for yourself!

FRESH PRICING!One-of-a-kind location in Passyunk Square. This triplex sits on 10th Street right off Passyunk Avenue, directly across from the Acme and CVS, so groceries and the pharmacy are just a walk across the street.The building offers three one-bedroom, one-bath units, each occupying a full floor. The floor plan is the same throughout: living room in the front, kitchen in the middle, and a large bathroom right off the bedroom in the back. The first-floor unit has a large backyard and uses the basement for storage and laundry.All three units are occupied by long-term tenants. Current rents total $3,425 per month, or $41,100 per year, with no vacancy, for a gross rent multiplier of approximately 10.3 at the new price. Comparable one-bedrooms in small buildings nearby are renting for $1,500 to $1,700 with mid-level updates and $1,900 or more fully renovated, leaving real room to grow the income as leases turn.The neighborhood does a lot of the work here. The East Passyunk Avenue dining and shopping corridor is a few blocks away, along with the Singing Fountain at 11th and Tasker Street. The 9th Street Italian Market is a short walk east. Columbus Square Park offers green space, a playground, and a recreation center, and the Broad Street Line and nearby bus routes put Center City minutes away.Each unit needs some updating, but the bones are solid. Keep it as a multifamily and renovate one floor at a time while the other two keep paying, or convert it into an amazing single-family home. At roughly $141,700 per unit in Passyunk Square, this property is ready for your vision. Come see it for yourself!

  • Neighborhood
  • Type
  • County
    Philadelphia
  • Area
    19147
  • Tax Amount
    $6,903
  • Status
    Active
  • Listing #
    PAPH2666284
  • Built
    1915
  • Lot Size
    0.02
  • Listed on site
    33 days
  • Listing Agent Id
    121135822918

Listed by:
Elfant Wissahickon-Rittenhouse Square

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Carpet Floors
  • Wood Floors

Style

  • Traditional

Financing

  • Cash

Property History

DateDays AgoEventNew Price
Sep 24, 202611 days agoPrice decreased100,000 (19%)$425,000
Sep 2, 20261 mo agoNew on market$525,000
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