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Key Details
Sold Price $2,230,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,701 sqft
Price per Sqft $289
MLS Listing ID PAPH822208
Sold Date 05/05/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1919
Annual Tax Amount $3,376
Tax Year 2021
Lot Size 3,453 Sqft
Acres 0.08
Lot Dimensions 85X49.35
Property Description
Outstanding investment opportunity in the heart of Fishtown! 6 RENTAL UNITS, 1 ROW HOME AND 3000sq. ft. COMMERCIAL SPACE. Prime location at E. Girard and Marlborough. 251 E. Girard/1200-20 Marlborough (all one parcel and tax number now): commercial space on first level with 42' of commercial corridor frontage. Six rental units on 2nd and 3rd floors. All currently rented at 1100-1995/month. The building has been totally renovated within the last three years both inside and out combining Tax abatement approved and retroactive to 2016 and goes through 2026. The commercial space approximately (2100 sq. ft.)has been completely renovated over the last year and has all mechanicals in place. It is currently rented for $5500/mo triple net. The apartments are one and two bedroom, tile and hardwood floors, lots of light with laundry located in the common area that is the stair well. This is a highly desirable location for both commercial and residential development. 1204 Marlborough: second building in package is row home with separate tax ID, 1006 square feet with back patio area. Pro Forma is attached in documents.
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning CMX2
Direction South
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Other
Heating Other, Forced Air
Cooling Central A/C
Flooring Tile/Brick, Wood, Heavy Duty
Fireplace N
Heat Source Other, Electric
Exterior
Utilities Available Water Available, Electric Available
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Lot Description Irregular
Sewer Other
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881442310
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Thailan Lim • Compass RE