Bought with bryan okolo • KW Empower
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2490552
Sold Date 11/03/25
Style A-Frame
Annual Tax Amount $1,612
Tax Year 2024
Lot Size 609 Sqft
Acres 0.01
Lot Dimensions 14.00 x 44.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
An exceptional opportunity to own a legally zoned, new construction triplex in booming Grays Ferry/South Philadelphia. This property consists of two combined addresses—2615 and 2617 Latona Street—merged into one spacious legal triplex. This project is well underway — flooring installation is done. HVAC and sprinklers has been paid in full. The 10-year tax abatement is fully approved. The buyer needs to hire their owner contractor to fnished the job. The property is sold in as is condition.
Property Breakdown:
Unit 1: 4 bedrooms, spans the 1st floor and fully finished basement
Unit 2: 2 bedrooms, smart layout ideal for long- or short-term rental
Unit 3: 4 bedrooms, occupying the 3rd and 4th floors, full of natural light and skyline views
Buyers have the rare advantage to step in and take over the contractor to finish the project according to their preferences or investment strategy. Perfect for investors seeking long-term cash flow or an owner-occupant looking to live in one unit and rent the others.
Located on a quiet street with easy access to Center City, UPenn, CHOP, and I-76, this property checks all the boxes for a high-yield investment in one of Philly's fastest-growing neighborhoods.
Don't miss this income-producing gem with major upside potential!
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RM1
Interior
Hot Water None
Heating None
Cooling None
Fireplace N
Heat Source None
Exterior
Water Access N
Roof Type Fiberglass
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style A-Frame
Additional Building Above Grade, Below Grade
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 362053300
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION