2981 Memphis Street

PHILADELPHIA, PA 19134

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 1551
    Sqft(Lot)
$350,000

Description

This well-maintained mixed-use property offers a unique opportunity for investors or business owners. located on a corner lot, the property features a corner store/bodega on the ground floor, currently rented for $2,000/month. the upper unit features a 3-bedroom, 1-bath apartment with a kitchen, currently occupied by the owner of the corner store at a below-market rent of $500/month. the lease for the tenant in the store ends on june 30, 2025. the property is being sold "as-is" with no repairs to be made.

  • Property Type

    Multi-Family

  • Subdivision

    Port Richmond

  • County

    PHILADELPHIA

  • Style

    Traditional

  • AD ID

    49681998

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: None
    • Heating: Baseboard - Electric,90% Forced Air
    • Cooling Fuel: None
    • Heating Fuel: Electric,Natural Gas

  • Building Information

    • Year Built: 1925
    • Structure: Over Storefront
    • New Construction: No
    • Total Units: 2
    • Built: 1925
    • Construction Material: Masonry
    • Architecture: Traditional
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: None

  • Lot Information

    • Lot Size: 1,551
    • Dimensions: 24.00 x 65.00
    • Lot Size (Acres): 0.04
    • Architectural Style: Traditional
    • Main Square Feet: 1,551

    Property Information

    • SQ ft: 1,978
    • SQ ft (Living Area): 1,978
    • Total Lot SQ ft: 1,551
    • Subdivision: PORT RICHMOND
    • Financing: Conventional,Cash,FHA 203(k),Other
    • Appx. Lot Dimensions: 24.00 x 65.00
    • Total Acreage: 0.04
    • New Construction: No
    • Type: Traditional

  • Listing Information

    • Possession: 0-30 Days CD,Immediate
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $2,954
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD,Immediate

    Assessment Information

    • Taxes Assessment Amount: $211,100

  • Parking Information

    • Parking Type: None

    Multi-Unit Information

    • Acceptable Financing: Conventional,Cash,FHA 203(k),Other

    Homeowners Association Information

    • Direction: GPD 2981 Memphis st. It's the corner store on the left hand side.

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Electric,Natural Gas
    • Hot Water: None

    Location Information

    • Direction: GPD 2981 Memphis st. It's the corner store on the left hand side.
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BuyOwner last updated this listing 05/20/2025 @ 08:17

  • MLS: PAPH2481236
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 1,551 sized lot, and 0 parking. are nearby neighborhoods.