5,500 SqFt
5,500 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $272
Subdivision Art Museum Area
MLS Listing ID PAPH2346784
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $21,930
Tax Year 2023
Lot Size 500 Sqft
Acres 0.01
Property Description
This building is more than half occupied , providing an immediate source of rental income for investors or a solution for those seeking to enjoy the benefits of city living. Annual income capacity 120-130K. Also, each unit is deeded separately as a condominium but are currently being rented. Tenants relish in the charm of their individual units while indulging in the vibrant neighborhood atmosphere. The top floor unit presents an exciting opportunity for additional income as an Airbnb rental. With its prime location and well-appointed amenities, this unit offers guests a comfortable retreat in the heart of Philadelphia's cultural hub, making it a lucrative investment opportunity for savvy buyers. Residents of the building enjoy access to a beautiful quaint shared courtyard, perfect for outdoor gatherings, al fresco dining, or simply enjoying a bit of tranquility. Current rental income from the occupied units provides a stable foundation for investors, with the potential for increased revenue through short-term rentals or future appreciation in property value. Schedule your private showing today and discover the timeless allure of this historic condo building in the heart of the Art Museum area. Whether you're seeking an investment opportunity or a place to call home, this property offers the best of Philadelphia living.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Interior
Hot Water Multi-tank
Heating Heat Pump(s)
Cooling Central A/C
Flooring Hardwood
Inclusions Security system Unit A, dishwasher, electric range. microwave, refrigerator, washer, dryer Unit B, dishwasher, electric range, microwave, refrigerator, washer, dryer Unit C, dishwasher, electric range, microwave, refrigerator, washer, dryer Unit D, dishwasher, electric range, microwave, refrigerator, washer, dryer Unit E, dishwasher, electric range, microwave, refrigerator, washer, dryer Unit F, dishwasher, electric range, microwave, refrigerator, washer, dryer, Queen adjustable bed, mattress, dresser, chair, rugs, two (2) flatscreen televisions, couch, side table, dining table, two (2) matching chairs, coat rack, dyson stick vac
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Utilities Available Electric Available, Natural Gas Available
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, FHA 203(k), Private
Listing Terms Cash, Conventional, FHA, FHA 203(k), Private
Financing Cash,Conventional,FHA,FHA 203(k),Private
Special Listing Condition Standard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
janis@settledownphiladelphia.com
444 N 4th St, Philadelphia, PA, 19123, United States