Philadelphia, PA 19147,1235-37 FEDERAL ST
Philadelphia, PA 19147,1235-37 FEDERAL ST
Philadelphia, PA 19147,1235-37 FEDERAL ST
Philadelphia, PA 19147,1235-37 FEDERAL ST
Philadelphia, PA 19147,1235-37 FEDERAL ST
Philadelphia, PA 19147,1235-37 FEDERAL ST
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$ 2,400,000
Est. payment | /mo

10,676 SqFt


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$ 2,400,000
Est. payment | /mo
Save

10,676 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 10,676 sqft

Price per Sqft $224

MLS Listing ID PAPH2428886

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $7,487

Tax Year 2024

Lot Size 5,338 Sqft

Acres 0.12

Lot Dimensions 34.00 x 157.00

Property Description

Introducing The Southern Bella Lofts, renovated in 2016, featuring eight fully occupied units, each offering 2 bedrooms and 1.5 baths in a stabilized asset. Each unit boasts high ceilings, hardwood floors, exposed ductwork, and recessed lighting that create a stylish and inviting atmosphere. The open-concept design includes contemporary kitchens equipped with stainless steel appliances and granite countertops, along with convenient half baths. The upper levels feature modern bathrooms and spacious bedrooms, each with full closets. Plus, each unit includes a washer/dryer for added convenience.

This property is being sold with assumable debt at an attractive interest rate of 3.69%, and it benefits from a tax abatement that runs through the end of 2026, enhancing your investment potential.

Ideally located, this building is within walking distance of the vibrant Italian Market, South Street, and Passyunk Square districts. Public transportation is easily accessible, with the Broad Street Line just one block away. Enjoy the best of city living with coffee shops, sports and fitness clubs, and local markets right at your doorstep, all while being close to Center City.

Don't miss your chance to invest in this beautifully designed building in one of Philadelphia's most exciting neighborhoods! Please reach out to listing brokers for offering memorandum.

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning RSA5

Interior

Hot Water Electric

Heating Other

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881000715

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Stephen D. Stafford • SDG Management, LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(301) 445-8525

davekola@verizon.net

1765 Greensboro Station Dr., McLean, VA, 22102, United States

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1235-37 FEDERAL ST