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Listing ID: PAPH2117292
Price: $1,750,000
Status: ACTIVE
Address: 1333 Pine Street
City: Philadelphia
State: Pennsylvania
Postal Code: 19107
SqFt: 5,500
Acres: 0.030
County: Philadelphia
Philadelphia
PA
19107
INQUIRE FOR OFFERING MEMORANDUM!! Eric Feinberg Real Estate Group is proud to present, on behalf of ownership, a 7 unit investment opportunity generating significant cash flow in Philadelphia, Pennsylvania. Specifically the Washington Square West neighborhood, one of THE MOST DESIRABLE sections of the city. Surrounded by numerous higher education institutions and hospitals, located within the McCall Catchment, and with access to great public transportation, this will be a fantastic investment opportunity for years to come. The property is complete with an ideal unit mix. There are three 2 Bedroom and 2 FULL Bathroom units, three Studio apartments, and one 2 Bedroom and 1 Bathroom apartment. The price, size, and condition of the property attracts very good tenants of all different types. Medical school students, young professionals, and so many more groups would be interested in living in this property. The location of the property is fantastic, a short walk to Center City, the Broad Street and Market Frankford Line, and tons of restaurants, bars, and coffee shops. With a Walk Score of 97, this can’t be beat. Pride of ownership is apparent at this property. The owner has self-managed meticulously and the property shows it! 6 of the 7 units have been newly renovated and the last unit is in great shape. The condition cannot be beat! Washington Square West and all of the neighborhoods surrounding it are flourishing. In spite of COVID over the last couple of years, the city is very busy and doing well. Especially Washington Square West where this property is located, there’s not many better places to live in all of Philadelphia. This unique geography creates stability and regular appreciation year after year. The market factors impacting this area and the unique design of this property make this a killer investment opportunity.

Primary Features

County: Philadelphia
Price/SqFt: 318.18
Property Sub Type: Five Or More Units
Property Type: Commercial Sale
Subdivision: WASHINGTON SQ WEST
Year Built: 1866
Zoning: RM1

Interior

Building Total SqFt Source: Estimated
Central Air: yes
Cooling Type: Central A/C, Ductless/Mini-Split
Flooring Type: Hardwood, Tile/Brick
Heating: yes
Heating Type: Forced Air, Heat Pump(s), Wall Unit

External

Building Units Total: 7
Construction Materials: Masonry
Cooling Fuel: Electric
Heating Fuel: Electric, Natural Gas
Hot Water: Electric
Lot Dimensions Source: Assessor
Lot Size Dimensions: 19.00 x 69.00
Lot Size Source: Assessor
Lot Size Units: Square Feet
Navigable Water: no
New Construction: no
Sewer Septic: Public Sewer
Tidal Water: no
Type of Parking: None
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no

Location

Country: US
Location Type: Downtown
MLS Area: 19107 (19107)
Municipality: PHILADELPHIA
Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile
Views: City
Waterfront: no
Zoning Description: 7 Unit Residential Property.

Additional

Accessibility Features: None
Building Classification: Class A
Business Type: Apartment Building
Days on Market: 30
Land Use Code: CA0
Potential Tenancy: Multiple
Property Condition: Excellent
Property Use: Investment
Year Assessed: 2023
Year Built Source: Assessor

Financial

Acceptable Financing: Cash, Conventional, Negotiable
Automatically Update Tax Values: yes
Cap Rate: 4.48
Exclusions: All tenant belongings.
Gross Scheduled Income: 122904
Income Includes: Apartment Rentals
Lease Considered: no
Net SqFt: 5500
Ownership Interest: Fee Simple
Possession: Negotiable
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 11688
Tax Assessed Value: 835000
Tax Data Updated: yes
Tax Lot: 40
Tax Year: 2023
Vacation Rental: no

Zoning Info


© 2022 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Keller Williams Realty Group. Data last updated on Friday, December 2nd, 2022 09:13:44 AM.
#IDX-primaryPhoto,#idx-details-header Listed by: Keller Williams Realty Group (610) 792-5900

Contact - Listing ID PAPH2117292

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Eric Feinberg

1137 N 3rd Street Suite 2
Philadelphia, PA 19123
Phone: 4849485872

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