988 N 2ND STREET

PHILADELPHIA, PA, 19123

$1,000,000

$436 per ft²
$1,000,000
$436 per ft²
Active
Active
 - For Sale
carpenters-square
2,290 ft²
property_type
Multi-family
calendar
Built 1920
INVESTOR SPECIAL !! Check out 988 N 2nd Street in the heart of bustling Northern Liberties- this fabulously rehabbed building has historic character, all modern amenities, and most importantly cash flow. This fully leased triplex is a great investment in one of the hottest areas in Philly. The first floor apartment is an approx. 1100 sqft one-bedroom that is currently rented for $1750/mo and has a great rear yard perfect for entertaining. The second floor apartment is an approx. 1100 sqft charming studio that is currently rented for $1,650/mo. The third floor apartment is an approx. 850 sqft lovely one-bedroom unit currently rented for $1500/mo with an incredible roof deck with skyline views! This property has a lot to offer including common area laundry in the basement. Tenants are easy to find with the easy walkability to restaurants, shopping, public transportation, grocery stores, and so much more! It's located an easy drive to 95 and remember- even though the first floor is currently an awesome one bed apartment, with CMX2 zoning a business could potentially go in there. Per the seller's advice, there are structural modifications and no load bearing walls down the center of the layout on the first floor. Once vacant the first floor, it could likely be converted into a thriving business or restaurant similar to Añejo across the street to service all the new residences being built at the corner of Girard and 2nd Street. The future is wide open! Schedule your tour at 988 N 2nd Street today.
MLS® ID:
PAPH2134568
Updated:
9/29/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C, Ductless/Mini-Split
Heating
Hot Water

Exterior/Building Features

Lot Size
1,175 ft² lot
Exterior Features
Above Grade, Below Grade
Architectural Style
Unit/Flat
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19123 (19123)
Taxes
$5695.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
CMX25
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