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Key Details
Sold Price $10,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Graduate Hospital
MLS Listing ID 1003243739
Sold Date 08/09/17
HOA Y/N N
Originating Board TREND
Year Built 2015
Annual Tax Amount $4,316
Tax Year 2017
Lot Size 5,994 Sqft
Acres 0.14
Lot Dimensions 82X73
Property Description
New construction mixed use property that consists of 34 residential units and 1 commercial space occupied by Freehouse Fitness Studio. The fitness studio has a long term lease in place and has quickly become one of the neighborhood's favorites. The 34 units consist of all 1 bedroom apartments. The rental units have been outfitted with many upgraded finishes including central air, washer/dryer in each unit, video intercom system, hardwood floors, stainless steel appliances, and spacious living areas. The building has a 10 year approved Tax Abatement and the property was just built in 2016! Building has a trash room, bicycle room, tenant parking, roof deck, and elevator! All utilities are separately metered for each unit and tenants pay their own utilities including water. The gross annual rents for the property total 701,640.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning CMX4
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Flooring Wood
Fireplace N
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881020310
Ownership Fee Simple
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Bought with Jim Robertson • OCF Realty LLC - Philadelphia