NOT LISTED FOR SALE

2646 Manton St Philadelphia, PA 19146

Point Breeze Neighborhood
-- Bed
-- Bath
3,086 Sq Ft
733 Sq Ft Lot

Last Sold July 19, 2024

Last sale price $850,000 $275 Per Sq Ft

56 Days on Market

Highlights

  • Traditional Architecture
  • Double Pane Windows
  • Central Heating and Cooling System
  • Wood Flooring

About This Home

As of July 2024

Situated in the burgeoning neighborhood that borders Graduate Hospital and Point Breeze, 2646-48 Manton St offers a fantastic investment opportunity. This triplex comprises three fully occupied residential condominium units, consisting of (2) two-bedroom units and (1) three-bedroom unit. Each unit boasts contemporary finishes, in-unit washer and dryers, central air conditioning, and generous ceiling heights. The property presents the option for a new owner to sell off individual condo units if desired.

Conveniently located within walking distance of a neighborhood shopping plaza anchored by The Fresh Grocer, as well as a diverse selection of restaurants and shops along the Grays Ferry Avenue and Washington Avenue commercial corridors, residents have access to a plethora of amenities. Easy commuting is facilitated by the nearby Schuylkill Expressway (Interstate 76), providing swift access to University City and Center City.

Furthermore, residents enjoy close proximity to Pennovation Works, the University of Pennsylvania's expansive 23-acre innovation hub. Additionally, the property includes basement storage units in 2648 (available for tenants in units #2 and #3) and a 650± SF roof deck for Unit #3. With a current monthly rental income of $6,190 and a 6.5% pro forma cap rate, this property represents an enticing investment opportunity in the heart of Grays Ferry.

Last Agent to Sell the Property

Christopher Schepis

TCS Management, LLC License #RS332522 Listed on: 03/20/2024

Last Buyer's Agent

Nicole Caprario

New Age Realty Group Inc License #RS320794

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $326

Year Built

  • Built in 2020

Lot Details

  • 733 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,086 Sq Ft Home
  • Double Pane Windows
  • Wood Flooring
  • Finished Basement
  • Rear Basement Entry

Kitchen

  • Stove
  • Microwave

Utilities

  • Central Heating and Cooling System
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Grays Ferry Subdivision

Listing and Financial Details

  • Tax Lot 169
  • Assessor Parcel Number 888360228

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$326

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2024-03-20
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Situated in the burgeoning neighborhood that borders Graduate Hospital and Point Breeze, 2646-48 Manton St offers a fantastic investment opportunity. This triplex comprises three fully occupied residential condominium units, consisting of (2) two-bedroom units and (1) three-bedroom unit. Each unit boasts contemporary finishes, in-unit washer and dryers, central air conditioning, and generous ceiling heights. The property presents the option for a new owner to sell off individual condo units if desired. Conveniently located within walking distance of a neighborhood shopping plaza anchored by The Fresh Grocer, as well as a diverse selection of restaurants and shops along the Grays Ferry Avenue and Washington Avenue commercial corridors, residents have access to a plethora of amenities. Easy commuting is facilitated by the nearby Schuylkill Expressway (Interstate 76), providing swift access to University City and Center City. Furthermore, residents enjoy close proximity to Pennovation Works, the University of Pennsylvania's expansive 23-acre innovation hub. Additionally, the property includes basement storage units in 2648 (available for tenants in units #2 and #3) and a 650± SF roof deck for Unit #3. With a current monthly rental income of $6,190 and a 6.5% pro forma cap rate, this property represents an enticing investment opportunity in the heart of Grays Ferry.
  • Special Features: None

Interior Features

  • Appliances: Stove, Refrigerator, Microwave
  • Flooring Type: Hardwood
  • Window Features: Double Pane
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Fully Finished, Rear Entrance
  • Total Sq Ft: 3086
  • Living Area Sq Ft: 3086
  • Price Per Sq Ft: 291.64
  • Above Grade Finished Sq Ft: 3086
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2646-48

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Fiberglass
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: SR
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 733.00
  • Year Assessed: 2020
  • Zoning: RM1

Rental Info

  • Total Actual Rent: 70566.00
  • Vacation Rental: No

Tax Info

  • School Tax: 179.00
  • Tax Annual Amount: 326.00
  • Assessor Parcel Number: 888360228
  • Tax Lot: 169
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/19/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 8.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $850,000 -5.6% $275 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $900,000 -- $292 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christopher Schepis

    Seller's Agent in 2024

    Christopher Schepis

    TCS Management, LLC

    (215) 847-9101

    1 in this area

    25 Total Sales

    Christopher Schepis
    Section Image
  • Nicole Caprario

    Buyer's Agent in 2024

    Nicole Caprario

    New Age Realty Group Inc

    (609) 922-0479

    5 in this area

    70 Total Sales

    Nicole Caprario
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2331542

Bright MLS
Pennsylvania Philadelphia County Philadelphia 19146 Point Breeze

2646 Manton St, Philadelphia, PA

This home is located at 2646 Manton St, Philadelphia, PA 19146 since 20 March 2024. This property was built in 2020. 2646 Manton St is a home located in Philadelphia County with nearby schools including Universal Alcorn Charter School, The Preparatory Charter High School, and The Philadelphia School.

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