701 REED STREET, Philadelphia, PA 19147

$650,000 Asking Price

3 beds
3 baths
2,983  sqft
Built in 1925

Investment opportunities await! This very flexible triplex is nestled between Queens Village and the Passyunk area of South Philly. Just blocks from South Street, and loads of famous Philly institutions like Pat's Steaks, the Italian Market, Johns Water Ice, and so much more. The first floor features a sizable commercial space (most recently used as a pottery studio), with a separate living room and bathroom with laundry. On the second floor is a sensible and stylish one bedroom apartment with a living room and a full kitchen. There's plenty of natural light and the hardwood floors accentuate the charm. The third floor apartment has a separate entrance and features 2 large bedrooms, a large kitchen and a living room. With the right touch, this property is an investment gem, great layouts and superbly located. Call for an appointment today.

Features & Amenities

Interior

Basement:
Other
A/C:
Window Unit(s)
Heating:
Y, Radiant, Natural Gas
Disability Feature:
None

Exterior

General:
Above Grade,Below Grade
Style:
Other

Construction

General:
Masonry, 3, Stone

Location

Originating MLS:
BRIGHT_MAIN
School District:
PHILADELPHIA CITY
County:
PHILADELPHIA

Lot

Zoning:
RSA5, 012027100
Current Use:
W50

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
BRIGHT_MAIN

This listing courtesy of:
Long & Foster Real Estate, Inc., Arthur B Herling

About Philadelphia, PA

Housing

Number of Units
705,993
Median Home Value
$212,331
Median Rent
$993

47.83% of housing units are renter occupied.

9.77% are vacant.

Commute

Car
48.32%
Public Transportation
19.12%
Walk to Work
6.40%
Work from Home
23.29%
Other
1.20%

The median travel time to work is 28 minutes.

People

Population
1,564,304
Median Age
36.10
Median Household Size
2.55

Education

High School
31.51%
Associate’s Degree
5.70%
Bachelor’s Degree
18.90%
Graduate Degree
14.16%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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