Philadelphia, PA 19146 2214 South Street

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Presented By: TCS Management, LLC
  • MLS# PAPH2439728
  • 01/29/2025
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Home Details

On behalf of Ownership, GREA is pleased to exclusively offer the opportunity to acquire the fee simple interest in 2214 South Street located in the Graduate Hospital section of Southwest Center City Philadelphia. The property comprises 4 apartment units with (2) studio and (2) one-bedroom floor plans. In addition, there is 1,000 square feet of commercial space on the ground floor occupied by Falafel Time, a popular restaurant featuring quick service dishes with a Middle Eastern twist. The South Street property presents new ownership with the opportunity to perform a value-add renovation plan to the apartment units and common hallways to increase rents. The property would then be repositioned to a luxury apartment product that attracts young professionals looking for proximity to Center City Philadelphia at an affordable price point. In the middle of it all, the property serves a growing tenant base looking for a location surrounded by restaurants, cafes, boutique shops, and nightlife. Tenants can run, walk, or ride their bikes on the popular Schuylkill River Trail, access University City via the South Street Bridge, or stroll into Center City in minutes. The property is located minutes from major highway routes such as Interstates 76, 676, and 95 presenting unparalleled access throughout the Philadelphia MSA. Furthermore, tenants are a short walk into Center City and University City, home to major employers such as Comcast, Aramark, Penn Medicine, CHOP, the University of Pennsylvania, and Drexel University. 2214 South Street provides new ownership with the prospect of acquiring a quality, mixed-use property that both has and will continue to perform well into the future.
Presented By: TCS Management, LLC

Interior Features for 2214 South Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
BasementFull
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 2214 South Street

AccessibilityNone
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsLocated in Fiyler Square
Garage Y/NNo
HeatingCentral
Lot Size Square Feet1200.00
Lot Size UnitsSquare Feet
MLS Area19146 (19146)
ModificationTimestamp2025-01-29T12:39:36
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 3
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG356.36
Property SubtypeOther
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count3
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Subdivision NameGRADUATE HOSPITAL
Tax Annual Amount10694.0
Tax Assessed Value764000.0
Tax Lot21
Tax Year2024
Total SQFT2736
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningCMX2

Exterior for 2214 South Street

Foundation DetailsOther
Land Assessed Value152800.00
Land Use CodeY50
Lot Dimensions16.00 x 75.00
Lot Size Acres0.03
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $975,000
MLS#PAPH2439728
List Date 01/29/2025
Property Type Multi-Family
Phone 703.929.4729
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