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Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 9,546 sqft
Price per Sqft $136
Subdivision Kensington
MLS Listing ID PAPH1011034
Sold Date 02/28/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $5,508
Tax Year 2021
Lot Size 3,338 Sqft
Acres 0.08
Lot Dimensions 40.00 x 87.04
Property Description
7% CAP! 3901 Kensington is a brand new adaptive reuse turnkey investment property connected to the Septa subway in Philadelphia, Pennsylvania. This 9 unit transit-oriented mixed-use building has a 10 year tax abatement and is fully leased for 2021. Seven (7) 2bd apartments and two (2) NNN retail stores. Loft style interiors, open spacious layouts, design driven finishes. This is a rare 7% cap rate investment sale in Philadelphia's fast growing Kensington submarket just outside of the urban core.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
View City
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882932030
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Thomas McDevitt • Long & Foster Real Estate, Inc.
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