3 months on rocket

1201 S 5th St, Philadelphia, PA, 19147

$2,000,000

Home List Price

$10,000*

Closing Credit

0 Baths
6,528 SqFt
$306/SqFt
House

Location

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1201 S 5th St, Philadelphia$2,000,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1940
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2379200
Lot Size0.05 Acres
StatusActive
(ACTIVE)

About 1201 S 5th St

Amazing investor opportunity to own this large six-unit DOUBLE LOT, CORNER PROPERTY in booming Jefferson Square just across from Jefferson Square and Sacks Playground! All units COMPLETELY RENOVATED! Unit count consists of four (4) two bedroom, two full bathroom units and two (2) one bedroom, one bath units. All units are bright and spacious with all new stainless steel appliances, mechanical systems, hardwood flooring, and granite countertops. Washer and Dryer in each unit. Plenty of basement space to carve out private storage units for each tenant. Possible value add opportunity to add elevator as elevator shaft is already in place. Financial cash cow for years to come in a developing neighborhood with expected rent increases in the short term. Additional improvements/upgrades include: fire sprinkler/alarm system, freshly painted common area and steps, upgraded intercom system. Walk-score off the charts, minutes to Passyunk Sq, Italian Market, Queen Village, South Street and drive within minutes to all big box shopping on Delaware Ave including Lowes, Home Depot, Target, grocery, gas and more. Highway access within minutes. Opportunities like this in this location do not come up often.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1940
  • Living Area: 6,528 SqFt

Listing Office:

  • Office Name: BHHS Fox & Roach-Center City Walnut
  • Office Phone: (215) 627-6005
  • Listing Agent: Frank L DeFazio

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Sprinkler System

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 5th & Federal Street

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,000,000
  • Price Per SqFt: $306/SqFt
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

1201 S 5th St vs Philadelphia

117 DAYS ON ROCKET

+73 Days

$2,000,000

+$1.7M More

$306/SqFt

+$107 More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $107/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2379200

Listing Office:

  • Office Name: BHHS Fox & Roach-Center City Walnut
  • Office Phone: (215) 627-6005
  • Listing Agent: Frank L DeFazio

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,063

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-614225
5
/10

  • Francis Scott Key School

  • 2230 S 8th St

  • 0.97 miles

  • Public District Grades KG-6

school-card-donut-614226
7
/10

  • Abram Stockton Jenks School

  • 2501 S 13th St

  • 1.31 miles

  • Public District Grades KG-5

school-card-donut-614227
3
/10

  • Stephen Girard Elementary School

  • 1800 Snyder Ave

  • 1.44 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,343. Typical income of Philadelphia, PA residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1201 S 5th St

What is the listing price of this property?

The listing price of 1201 S 5th St property is $2,000,000.

What type of property is this?

The property 1201 S 5th St is a house located in Philadelphia, Pennsylvania, 19147.

Is this property for sale now?

Active Listing: 1201 S 5th St is For Sale (Active/New) which means the seller is accepting offers.

What is the square footage of this property?

The property 1201 S 5th St is 6,528 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1201 S 5th St is 1940.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19147›1201 S 5th St

This home is located at 1201 S 5th St in Philadelphia, PA and zip code 19147 in the South Philadelphia neighborhood. This 6,528 square foot home, which was built in 1940, sits on a 0.05 acre lot. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $2,000,000.

In October 2024, from all listings sold in Philadelphia, PA there were more than 252 sold above asking price, over 567 sold below and more than 237 were sold right at the asked price. The inventory of homes for sale in Philadelphia, PA between September 2024 and October 2024 increased by 9.8%. The median list price of listings available in October 2024 was $261,807, while the average time on the real estate market was 44 days.

From Rocket Homes Real Estate and based on county public records data.

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