2981 Memphis St., Philadelphia PA 19134 is a mix-use commercial property legally zone for a two unit building. The first floor commercial unit of this building is being rent to a small convenience store that is still operating and currently rented for $2000 a month. Their lease is up next year with no option to renew. The second floor features a three bedroom, one bathroom apartment with force air heating and central air. A lease is currently not in place for second floor unit. Asking price is $385000 property is being sold in as-is condition. Seller is motivated.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1925
Living Area: 1,978 SqFt
Listing Office:
Office Name: Realty Mark Associates
Office Phone: (215) 376-4444
Listing Agent: Keyon Whiting
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.04 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air, Wall Unit(s)
Other
Directions Information:
Directions: Use GPS
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $385,000
Price Per SqFt: $195/SqFt
Tax Information:
Annual Amount: $1,964
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $123.1K more than the Median Sold Price and $4/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2382622
Listing Office:
Office Name: Realty Mark Associates
Office Phone: (215) 376-4444
Listing Agent: Keyon Whiting
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,989
Per Month
Principal & Interest
$1,922
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,221
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Richmond Elementary School
2944 Belgrade St
Distance between this listing and this school0.20 miles
Public District Grades KG-5
3
/10
Frances E. Willard School
2900 Emerald St
Distance between this listing and this school0.55 miles
Public District Grades KG-4
4
/10
John H. Webster Elementary School
3400 Frankford Ave
Distance between this listing and this school0.77 miles
Public District Grades KG-5
Nearby Schools
5
/10
Memphis Street Academy Charter at J.P. Jones
2950 Memphis St
Distance between this listing and this school0.05 miles
Public Charter Grades 5-8
5
/10
Conwell Russell Middle School
1849 E Clearfield St
Distance between this listing and this school0.58 miles
Public Magnet Grades 5-8
4
/10
Amy at Martin
3380 Richmond St
Distance between this listing and this school0.78 miles
Public District Grades 6-8
Nearby Schools
3
/10
Mastbaum Jules E Avts
3116 Frankford Ave
Distance between this listing and this school0.44 miles
Public District Grades 9-12
3
/10
Kensington High School
2501 Coral St
Distance between this listing and this school0.78 miles
Public District Grades 9-12
2
/10
Kensington Health Sciences Academy
2463 Emerald St
Distance between this listing and this school0.87 miles
The neighbors living near this home have an average income of $44,022. Typical income of Philadelphia, PA residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
This home is located at 2981 Memphis St in Philadelphia, PA and zip code 19134 in the Bridesburg / Kensington / Richmond neighborhood. This 1,978 square foot home, which was built in 1925, sits on a 0.04 acre lot. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $385,000.
Over 252 listings were sold over their listed price in October 2024 in Philadelphia, PA. In the same period over 567 listings were sold below the listed price and 237 listings were sold for the listed price. In October 2024 in Philadelphia, PA there were 9.8% more homes for sale than in September 2024. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.
From Rocket Homes Real Estate and based on county public records data.