5 months on rocket

2500 S Hobson St, Philadelphia, PA, 19142

$175,000

Home List Price

$2,078*

Closing Credit

0 Baths
1,518 SqFt
$115/SqFt
House
Schools Nearby

Location

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2500 S Hobson St, Philadelphia$175,000

Buyer Closing Credits

$2,078*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Street
Year Built1935
HeatingRadiant
CoolingNone
MLS #PAPH2300582
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 2500 S Hobson St

The property is fully occupied. Please confirm the showing with the selling agent. 48 HR Notice is required. The only showing window will be 12/15/23 from 2 PM - 4 PM **Investment Opportunity: Prime Mixed-Use Property with Stable Tenancy** Discover a lucrative investment opportunity with this strategically positioned property that combines the best of residential and commercial real estate. This asset boasts two potential residential units and a thriving commercial space, all of which are currently tenant-occupied, ensuring a steady and reliable income stream. 1. **Residential Units:** - The main house is being used as one unit even though the basement may be converted into its own unit. - Both units are currently occupied by reliable tenants, providing immediate cash flow. - Relatively well-maintained interiors and modern amenities enhance the overall appeal of the living spaces. - The residential component ensures a stable rental income with the potential for future appreciation. 2. **Commercial Unit:** - The property includes a versatile commercial unit, catering to a wide range of businesses. - High visibility and foot traffic in the area make this commercial unit an attractive prospect for potential lessees. - Currently occupied by a cell phone store. 3. **Location:** - Strategically located in a high-demand area, the property benefits from a growing community and increasing property values. - Proximity to key amenities, public transportation, and commercial hubs adds to the property's appeal. - Brand new amazon fullfilment facility directly across the street which should provide financial growth for the community. 4. **Financial Stability:** - With all units currently leased, investors can enjoy immediate returns on their investment. - The mix of residential and commercial tenants diversifies the income stream, reducing risk and enhancing stability. 5. **Potential for Value Enhancement:** - The property offers potential for value enhancement through strategic renovations or improvements, further increasing rental income and property value. Similar properties fully renovated have sold for over 350k. **Investment Highlights:** - Strong and diverse rental income from both residential and commercial tenants. - Immediate cash flow. - Opportunity for future appreciation in a high-demand location. - Well-maintained and attractive property with potential for value enhancement. Don't miss out on this exceptional investment opportunity that combines the reliability of residential leasing with the potential for lucrative commercial returns. Contact us today to secure your stake in this prime real estate venture.

Property Details

Property Features

Property Information:

  • Architectural Style: Dwelling with Rental
  • Year Built: 1935
  • Living Area: 1,518 SqFt

Listing Office:

  • Office Name: RE/MAX Classic
  • Office Phone: (610) 687-2900
  • Listing Agent: William Holder

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: None

School Info

Assigned Schools Information:

  • John Bartram High School, Public District Grades 9-12
  • William T. Tilden Middle School, Public District Grades 5-8
  • John M. Patterson Elementary School, Public District Grades KG-4

Other

Directions Information:

  • Directions: Philadelphia Pennsylvania Take Walnut St, I-76, W Passyunk Ave and S 61st St to Buist Ave 16 min (5.6 mi) Continue on Buist Ave. Drive to Hobson St 4 min (0.7 mi) 2500 Hobson St Philadelphia, PA 19142

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000
  • Price Per SqFt: $115/SqFt

Tax Information:

  • Annual Amount: $1,642
  • Tax Year: 2020
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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

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

2500 S Hobson St vs Philadelphia

170 DAYS ON ROCKET

+120 Days

$175,000

-$83.8K Less

$115/SqFt

-$81 Less

KEY TAKEAWAY

This property is $83.8K less than the Median Sold Price and $81/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: #PAPH2300582

Listing Office:

  • Office Name: RE/MAX Classic
  • Office Phone: (610) 687-2900
  • Listing Agent: William Holder

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: 5/16/2024, 3:20:42 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 06, 2009Home Sold
$57,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,642 -
2019$1,514$108,200
2018$1,515$108,200
2017$1,515$108,200

History based on county public records data.

Payment Calculator

$941

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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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.

Elementary School

school-card-donut-2389253
2
/10

  • John M. Patterson Elementary School

  • 7000 Buist Ave

  • 0.27 miles

  • Public District Grades KG-4

Middle School

school-card-donut-2389254
3
/10

  • William T. Tilden Middle School

  • 6601 Elmwood Ave

  • 0.17 miles

  • Public District Grades 5-8

High School

school-card-donut-2389255
2
/10

  • John Bartram High School

  • 2401 S 67th St

  • 0.17 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,037. The majority of Philadelphia, PA residents have income less than $35k annually. Residents typically live in single, with kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2500 S Hobson St

What is the listing price of this property?

The listing price of 2500 S Hobson St property is $175,000.

What type of property is this?

The property 2500 S Hobson St is a house located in Philadelphia, Pennsylvania, 19142.

Is this property for sale now?

Active Listing: 2500 S Hobson St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2500 S Hobson St are:
John M. Patterson Elementary School: GreatSchools Rating 2/10
William T. Tilden Middle School: GreatSchools Rating 3/10
John Bartram High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,642 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 6, 2009 for $57,000. (source: MLS/tax record).

What is the square footage of this property?

The property 2500 S Hobson St is 1,518 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2500 S Hobson St is 1935.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19142›2500 S Hobson St

This home is located at 2500 S Hobson St in Philadelphia, PA and zip code 19142 in the Southwest Philadelphia neighborhood. This 1,518 square foot home, which was built in 1935, sits on a 0.03 acre lot. It has been listed on Rocket Homes since November 28, 2023 and is currently priced at $175,000.

In April 2024 more than 242 listings in Philadelphia, PA were sold above the asking price. During the same period more than 216 listings were sold at asking price, while more than 502 were sold below. The inventory of homes for sale in Philadelphia, PA between March 2024 and April 2024 increased by 9.8%. The median list price of listings available in April 2024 was $258,806, while the average time on the real estate market was 50 days.

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

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