$1,000,000
$1,150,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
3,094 SqFt
SOLD DATE : 10/01/2020
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,094 sqft
Price per Sqft $323
Subdivision Logan Square
MLS Listing ID PAPH888268
Sold Date 10/01/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $11,455
Tax Year 2020
Lot Size 1,467 Sqft
Acres 0.03
Lot Dimensions 18.00 x 81.50
Property Description
Amazing opportunity to own this 5 unit building in a prime Philadelphia location within walking distance to many major attractions. These opportunities are few and far between. This turn of the 20th century all brick 3 story building has a stellar occupancy history and is a complete turn-key opportunity for the discerning investor. The property features a stately double door entry into a nice sized foyer with secure & private mailboxes. Step into the large common area which features brand new commercial grade carpeting, thick custom carved handrail and freshly painted hall & stairwell. Access to the common basement with coin operated laundry as well. The first floor features 1 open studio style apartment with lofted bedroom and hardwood flooring. The 2nd unit on the 1st floor is a large bi-level unit with a 4 piece bathroom, lower level bedroom and private access to the rear patio/yard. The 2nd floor features 2, 1 bedroom apartments each with good sized bedrooms and full kitchens open to the living rooms. The 3rd floor is the gem. This unit is a 2 story, 2 bedroom unit with huge eat-in kitchen, large living room and a new, private Trex style roof deck with amazing panoramic city views. The property is steps from the Franklin institute, 1 block from Logan Circle and around the corner from the historic Philadelphia art museum. Easy access to major highways like I-76 and I-95, and just 3 turns off 676 and the Ben Franklin Parkway exit. This property has all separate utilities paid by the tenants, excluding water, and extra income from the coin operated washer/dryer. Fire system and extinguishers are recently certified and there are 3 newer hot water heaters. Exceptional investment opportunity in an amazing location.
Location
State PA
County Philadelphia
Area 19103 (19103)
Zoning RM1
Interior
Hot Water Natural Gas, Multi-tank
Heating Baseboard - Hot Water, Forced Air
Cooling Ceiling Fan(s), Central A/C
Heat Source Natural Gas
Exterior
Water Access N
View City, Panoramic
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881552750
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Gary D Pett Jr. • Compass RE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "