1182 S 11th Street, PHILADELPHIA, PA 19147 (MLS # PAPH2418998)

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View Virtual Tour Price $875,000 Status Active Beds 5 Baths 0 Bath Home size 2,368 sqft Lot Size 1,307 sqft Days on Market 155

Whether you want to live in a triplex or purely invest, you can invest in your future with 1 or 2 fully occupied, cash-flowing triplexes in the popular Bella Vista/Italian Market neighborhoods of Philadelphia. 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. If you want to move in, we are just a few months from being able to give notice to a current tenant to vacate so you can move into your favorite unit, or if you prefer, the tenants are happy, love the locations, and are paying near or at-market rents. At 1182, you won't have to worry about making changes after you buy, and at 819, you have the opportunity to make strategic upgrades when units turnover and increase the rents, year after year. Plus, there's potential to increase your earnings by renting out additional storage in the basements to the tenants or someone local who needs extra storage space (or use it for yourself!). Each tenant in each unit pays for their own gas and electric (separate utilities & mechanicals- yea!). The landlord only pays for water for the two buildings and common electric at 1182 S 11th St. Both buildings have the required fire alarms, legal triplex zoning, active rental licenses, and Lead-Safe Certificates from the city. ...... Details about 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. ... Details about 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 access to the unfinished portion of the basement. Bilco access from the sidewalk to the basement is temporarily closed shut but could be accessed if needed down the road to rent it out separately. Each unit has in-unit laundry. Tenants use window units for cooling. New water heater (2/2025) for 819's Unit 1! ...The opportunity here for investors and owner-occupants alike is perfect- cash flow right out of the gate, and plan to make strategic value-adds along the way to increase your profit!

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Data last updated: 4/19/25 1:13 PM PDT

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