Corner Residence Condo
For Sale
$699,000
600 S 24TH STREET Unit 208, Philadelphia, PA 19146
Light-filled corner residence with deeded indoor garage parking in a secure, amenity-rich 2400 South community.
Property Size1,379 SF
Days on Market9
Property Features for 600 S 24TH STREET Unit 208
General Information
Standard status
Active
Size
1,379 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
fitness center
controlled access
in-unit washer/dryer
Building Details
Building Size
1,379 SF
Year Built
2015
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Rachel B Rothbard · License #RS285103
(215) 923-7600
Source:
Patmckennarealtors
Added: Jul 27
Changed: Jul 30
Last Checked: Aug 3 at 11:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Residence 208 at 2400 South is a corner residence with an open living and dining layout designed to capture natural light through expansive windows. The contemporary kitchen features stainless steel appliances, granite countertops, a tile backsplash, custom cabinetry, and recessed lighting. Hardwood flooring runs through the main living spaces, while the bedrooms include brand new plush carpeting. The primary suite offers a walk-in closet and a private bath with dual vanities, wood cabinetry, and an oversized glass-enclosed shower. A second bedroom and an additional full bathroom provide flexible space for guests and/or a home office. An oversized washer and dryer outside the primary adds everyday convenience.
The community includes secure, controlled access, beautifully maintained common areas, a fully equipped fitness center, and a pet-friendly environment. A deeded indoor garage parking space is included.
Built in 2015, this low-maintenance residence is located within the Greenfield School Catchment and is described as being steps from neighborhood restaurants, cafes, shops, and everyday conveniences, with easy access to major routes, public transportation, and nearby destinations.
The community includes secure, controlled access, beautifully maintained common areas, a fully equipped fitness center, and a pet-friendly environment. A deeded indoor garage parking space is included.
Built in 2015, this low-maintenance residence is located within the Greenfield School Catchment and is described as being steps from neighborhood restaurants, cafes, shops, and everyday conveniences, with easy access to major routes, public transportation, and nearby destinations.
Key Highlights
- Corner residence with expansive windows across the open living and dining areas
- Deeded indoor garage parking space included
- Secure, controlled access and beautifully maintained common areas
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.9k | $30.36 |
| − Vacancy | −$2.4k | −$1.76 |
| EGI | $39.4k | $28.60 |
| − OpEx | −$17.7k | −$12.87 |
| NOI | $21.7k | $15.73 |
1,379 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$309.9K
$271.1K – $361.5K
NOI $21,691 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$336.2K
$294.2K – $392.2K
NOI $23,532 @ 7.0% cap · market cap 3.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Light-filled corner residence with deeded indoor garage parking in a secure, amenity-rich 2400 South community.
Where is this residential income property located?
The property is located at 600 S 24TH STREET Unit 208 Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Corner residence with expansive windows across the open living and dining areas; Deeded indoor garage parking space included; Secure, controlled access and beautifully maintained common areas
