For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $858,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,660 sqft
Price per Sqft $234
Subdivision Art Museum Area
MLS Listing ID PAPH1006570
Sold Date 07/19/21
Style Other
HOA Y/N N
Abv Grd Liv Area 3,660
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $10,072
Tax Year 2021
Lot Size 2,100 Sqft
Acres 0.05
Lot Dimensions 20.00 x 105.00
Property Description
Rare opportunity to own an income producing mixed-use building in the heart of the Spring Garden - Art Museum Area with 2-CAR PARKING and a private garden. Just two blocks south of bustling Fairmount Ave; the primary retail & restaurant corridor in the neighborhood. Located on the corner of 17th and Wallace Street. Three exposures and soaring 11 ft plus ceilings (original plaster moldings and tile) provide an abundance of natural light. This property consists of two residential apartments and one commercial space all with central A/C. The commercial and residential tenants each have their own entrance. All units are separately metered. Access to the 2-car parking and garden are through an exterior gated entrance on 17th Street or through the rear exit of the commercial unit. Spectacular first floor commercial space with half bath. Most recently occupied by a barbershop/salon and cafe prior to that. Exceptional potential to customize this space to your aesthetic or allow a new tenant to outfit for their needs. The commercial tenant has in-unit access to the unfinished basement providing an additional 1,200 sq ft of storage space. Residential tenants enter through a private entrance on 17th Street. Unit #2 (currently owner occupied) is a spacious 1 bedroom, 1 bath flat with in-unit washer/dryer and an amazing open living concept. An additional bedroom could be added to create a 2 bed, 1 bath apartment increasing the rent (projected rent as-is: $1,650/mo). Enter unit #3 on the second floor into a private foyer and up one flight of steps awaits another generously sized apartment. This 2 bed, 1 bath residence spans the entire third floor and overlooks the private garden from the living and dining area and has Center City skyline views from the larger southern facing bedroom. In-unit washer/dryer. Unit #3 is rented significantly under market value at $1,700/mo. Projected rent for this unit is $2,150/mo. Prime location. A short walk to restaurants, retail, cafes, and much more. 5 minute drive to Rittenhouse Square. Convenient transit options including the Broad Street Line.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Rooms
Basement Full, Interior Access, Unfinished, Walkout Stairs
Interior
Interior Features Ceiling Fan(s), Crown Moldings, Flat, Floor Plan - Open, Kitchen - Galley, Kitchen - Island, Tub Shower
Hot Water Multi-tank
Heating Forced Air, Central
Cooling Central A/C, Zoned
Equipment Built-In Range, Cooktop, Dryer - Electric, Refrigerator, Washer, Dryer
Fireplace N
Appliance Built-In Range, Cooktop, Dryer - Electric, Refrigerator, Washer, Dryer
Heat Source Electric, Natural Gas
Exterior
Exterior Feature Enclosed, Patio(s)
Garage Spaces 2.0
Water Access N
Roof Type Rubber,Shake
Accessibility None
Porch Enclosed, Patio(s)
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,High
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871074900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Richard Q Li • Liberty Real Estate