Price Reduction - Views
Listed By:
Century 21 Advantage Gold-South Philadelphia
Address
2501 S Hobson Street, Philadelphia, PA
Price
$ 349,500
Property Attributes
  • MLS#PAPH2274284
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19142
  • NeighborhoodElmwood Park
  • Zip19142
  • StyleDwelling w/Separate Living Area
  • Year Built1935
  • Taxes$ 1681
  • Price$ 349,500
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.03 Acres
Data Source:
Bright MLS
Property Description

RARE OPPORTUNITY to own this very unique & LARGE Mixed-Use CORNER Store Front with 1 very spacious Apartment Unit upstairs with a balcony in the heart of Southwest Philadelphia! This property is located DIRECTLY across the street from the LARGE & BRAND NEW Amazon Distribution Center!!! This Deli has been operated by the Owner for over 41 years! Seller will transfer their Eating Place (E) Liquor License to the New Owner at the time of Settlement. Take advantage of this rare opportunity before it's gone! This Commercial Mixed-Use Property features a TOTAL of 2 bedrooms, 1 Full Bathroom & 3 Half Bathrooms! Commercial Store Front has a Half Bathroom at the rear of the store, & 2 more half bathrooms in the basement. Sellers are including ALL commercial equipment, refrigerators, freezers, shelves, tables, chairs, etc, but are EXCLUDING the stores inventories (such as beers/liquors, deli meats, beverages, snacks, etc.). Entire store on 1st floor has very high ceilings & the property is very well-maintained throughout the years. There is a storage room at the rear of the property and a very large unfinished basement that holds all of the inventory, as well as the utility appliances (Hot Water Heater & Heating System). There are 2 Cellar doors at the side of the property that can easily transfer things into the basement for storage. You can enter the upstairs Apartment Unit on a separate side entrance of the building on Elmwood Avenue. 2nd Floor Apartment is very spacious & consists of 2 good-sized Bedrooms, 1 Full Bathroom, Living Room, Dining Room & a Kitchen! It has nice NEW laminate floors T/O the 2 Bedrooms, Dining Room & Kitchen & new carpets in the Living Room, Hallway & Stairs! ALL Laminate Floors & Carpets have been newly installed in February 2023! Full Hallway Bathroom consists of a single vanity, toilet & tub! Kitchen has a gas stove/range and also a washer hook-up. Upon exiting the Kitchen, youll enter a good-size Balcony overlooking Elmwood Ave. & the Amazon Warehouse! Sellers had replaced ALL BRAND NEW Windows for the upstairs apartment in Feb. 2023! Plenty of natural lights shining T/O entire Apartment to help you save on energy bills! You can gain access to the Unfinished Basement from inside the store, OR from either of the 2 metal sidewalk cellar doors at the side of the Store on Elmwood Ave. Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. Seller is discontinuing their Business Name after Settlement. Any potential Buyers who would like to continue to run this same type of business may do so at their own expense with a NEW Business Name of their choice. Sellers are willing to provide 2 weeks of training for how to run the business if potential Buyer chooses to do so. IF renting out the Commercial space, Commercial rents can be projected to bring in over $2,000-$2,500/mo. in the area and the Apartment Unit can be projected to bring in $1,200-1,400/mo. for rent! Owner pays water ( $45/mo.), electric ( $400/mo.), gas ( $40/mo.), Trash ( $500/yr. for Commercial), & Business Telephone ( $135/mo.). Owner owns the Fire Alarm system. Live in 1 Unit & Rent out the other to help cover your mortgage & potentially earning some cash flows OR continue to run the same business & live right upstairs OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Mixed-Use Property! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to supermarkets, stores, gyms, restaurants, parks, & minutes from Penrose Plaza Shopping Center! Easy access to all major highways! Minutes away from Philly Airport, Auto Mall, Universities, Center City, & many more! Get an offer in quickly before it's gone!!

Elementary School Middle School High School
Patterson John Elementary School Tilden Wm Middle School Bartram John High School
Price History
9/4/2023 Listed $399,900
12/11/2023 2% - $394,900
1/30/2024 6% - $374,900
5/20/2024 7% - $349,500

General Features

Interior Features Breakfast Area,Built-Ins,Carpet,Dining Area,Floor Plan - Traditional,Store/Office,Tub Shower,Other
Sewer Public Sewer
Heating Radiator
Cooling Wall Unit
Utilities Electric Available,Natural Gas Available,Phone,Phone Available,Phone Connected,Sewer Available,Water Available
Possession Immediate
Roof Flat,Rubber
Appliances Built-In Range,Freezer,Oven/Range - Gas,Washer/Dryer Hookups Only,Water Heater
Exterior Features Sidewalks,Street Lights
Zoning CMX2
Patio/Porch Features Balcony
Architectural Style Dwelling w/Separate Living Area,Other
Security Features Carbon Monoxide Detector(s),Fire Detection System,Security System,Smoke Detector,Window Grills
Construction Materials Masonry
Exclusions ALL Store Inventory (such as liquor/beer,cold cuts,beverages,etc.)
Year Built 1935
Electric 100 Amp Service,Circuit Breakers
View Street
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
OwnerPays All Utilities,Electricity,Gas,Heat,Insurance,Miscellaneous,Repairs,Services (All),Sewer,Supplies,Taxes - Real Estate,Trash Collection,Water,Other
Accessibility None
County PHILADELPHIA
Operating Expense 661.67
New Construction No
Property Type Multi-Family
Subdivision Name ELMWOOD PARK
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Transportation Airport less than 10 miles,Bus Stop less than 1 mile
Total Rooms 10
Status ACTIVE
Directions Between S. 67th Street,S. 68th Street,& Elmwood Avenue
ModificationTimestamp 2024-06-14T06:10:48
City PHILADELPHIA
Buyer Agent Compensation 3.5
Disclosures Lead Based Paint - Federal,Lead Based Paint - State,Prop Disclosure
NumberOfUnitsTotal 2
MLS Area 19142 (19142)
Lot Size Units Square Feet
Lot Size Square Feet 1163.00
Tax Assessed Value 120100.0
Waterfront Y/N No
Tax Annual Amount 1681.0
Home Warranty Y/N No
Property Condition Very Good,Good,Average
Trash Expense 500.00
Two Bedroom 1
Structure Type End of Row/Townhouse
NumberOfUnitsVacant 1
Other Units Unit 1
Price Per Sq Ft Total AG 162.86
Acceptable Financing Cash,Conventional
Avg. Electric Per Month 400.0
Avg. Gas Per Month 40.0
Historic Y/N No
Rent Control Y/N No
Vacation Rental Y/N No
Avg. Water Per Month 45.0
Total SQFT 2146
Days on Market 275
Location Type Corner Lot/Unit
Lease Type Owner Occupied
Standard Status Active
Year Built Source Assessor
Tax Lot 25
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Basement Drain,Full,Interior Access,Outside Entrance,Poured Concrete,Side Entrance,Unfinished,Walkout Stairs
Flooring Carpet,Laminated
Hot Water Natural Gas
Total Stories 2
Furnished Units None
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Central Air Y/N No
LivingAreaSource Assessor
Avg. Heating Oil Per Month 0.0

Exterior Features

Pool No Pool
Lot Features Corner
Water Source Public
Inclusions ALL in AS-IS Condition: ***Eating Place (E) Liquor License***,ALL Commercial Equipments,Refrigerators,Commercial Deli Display,Tables,Chairs,Storage Display,Freezers,etc.
Type of Parking On Street
Land Use Code S30
Foundation Details Brick/Mortar,Concrete Perimeter
Spa No
Water View Y/N No
Lot Dimensions 17.00 x 71.00
Lot Size Acres 0.03
Lot Size Source Assessor
Land Assessed Value 24000.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19142

Price
AVG $300K
$350K
Taxes
AVG $2,687
$1,681
Visits
AVG 255
824
Data Provided by Inside Real Estate®
Year Built
AVG 1924
1935