Off-Market Property at 2119 S Hancock St, Philadelphia, PA 19148
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2119 S Hancock St, Philadelphia, PA 19148

$273,500

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $243 per day and long-term for an average of $1,984 per month, based on similar listings in the area. Estimated short-term cap rate of 9.8%. Estimated long-term cap rate of 1.0%. Welcome to this beautifully maintained 3-bedroom, 1.5-bath home located in the heart of Pennsport, South Philly! This charming residence offers modern amenities with a touch of classic Philadelphia character. Key updates include a new roof (2021), hot water heater (2019), and HVAC system (2020), ensuring peace of mind for years to come. The main floor features a convenient washer and dryer setup, making laundry day a breeze. The bathrooms have been newly renovated, providing a fresh, contemporary feel. This home's prime location puts you just steps away from some of the neighborhood's best spots. Enjoy legendary sandwiches at Famous John's Roast Pork, just two blocks away, or grab a slice at City Pizza. For dining out, you’re within walking distance of popular eateries like Moonshine, Wolf Burger, O'Jungs, Mifflin Tavern, Bok Bar, Jaxx Steaks, and the quaint Herman's Coffee Shop. Dolores Deli, a local favorite for sandwiches, is also nearby. Convenience is key here. You’re a short stroll from Acme, Rite Aid, Target, Ikea, Lowes, and Wawa. Need more shopping? A quick 3-minute drive takes you to shopping centers with Homegoods/TJ Maxx, Home Depot, Michaels, and Planet Fitness. Plus, there's additional parking just a block away under the I-95 overpass, and you're only 3 miles from the sports stadiums, making game days a breeze. For easy commuting, the 57 bus route is just half a block away, providing a direct route into Old City. Plus, you’re close enough to Passyunk Square to enjoy all its vibrant offerings. Living here, you'll be right in the heart of Mummer territory, close to the New Year's Day festivities, but far enough away to enjoy peace and quiet. Don't miss the chance to make this South Philly gem your new home!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3547
Bedrooms
3
Bathrooms
2
SQFT
1,076
Furnished
N/A
Year built
1920
Listing Status
Off Market
MLS
PAPH2391200

Short-term Rental Potential
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$47,724

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$254

Price/SQFT

Long-term Rental Potential
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$23,808

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,984/mo

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