Prime Investment Opportunity in Washington Square West! This income-generating 3-unit multi-family building is perfectly positioned in the vibrant heart of Washington Square West. Just steps from Jefferson University, this property has a proven track record of attracting student tenants, ensuring steady rental demand. Each unit is well-maintained, offering comfortable living spaces in a high-demand area, making it an ideal addition to any investorâs portfolio. Also, the first-floor unit includes a private rear outdoor space, while the third-floor unit boasts a roof deck, adding desirable outdoor living areas to the mix. With the areaâs consistent growth, close proximity to public transit, and endless amenities, this building promises a lucrative income stream for years to come. Don't miss this opportunity to invest in one of Philadelphiaâs most sought-after rental markets!
An extensively renovated commercial property is offered.Ideally located on Pine Street within the heart of Washington Square West's Antique Row and overlooking the verdant Kahn Park. The recently renovated property is steps from Seger Park, Good Karma Cafe, Whole Foods, Acme, Bleu Sushi, Tria Cafe, Varga, Mixto, Platoon Fitness and SEPTA bus routes. The first floor commercial space contains 2500 Sqft of lease-able area. Currently built-out for an art gallery, minor improvements could accommodate a wide array of business models.On the upper 2 floors, 4 renovated one-bedroom, one-bathroom apartments are found. Newer systems ( 2022), separately metered units/CA. 1 rear off street parking space readily repurposed into an entertainment area.
Welcome to 1233 Pine Street! Move-in ready, this property gives you all you need and more in a very desirable location. This mixed use building is set up for business use on the first floor, and two residential dwellings above. You will find two 2 bedroom 2 full bathroom apartments, one on the 2nd floor and one on the 3rd floor. Both residential apartments are currently leased. The building is being sold as-is allowing you to customize the first floor to meet your needs. Located on one of Philadelphiaâs most popular and well known streets, this location is hard to beat. These move-in ready, modern Pine Street flats are equipped with all you could want and more. When you walk into these wonderful apartments you will immediately notice the luxury plank vinyl flooring, stainless steel kitchen appliances, white granite countertops, recessed lighting, and large windows that allow in ample natural sunlight. The kitchens flow directly into the dining/common areas giving the spaces a cohesive feel making them perfect for hosting intimate get togethers. Above the gas stove in each unit you have a stainless steel exhaust hood which is a must for those who love to cook. Youâll find a large storage closet in the common area of the top floor apartment which is perfect for a pantry or extra storage. The top floor apartment showcases exposed brick in one of the bedrooms providing a unique feel. The common areas are also equipped with a state-of-the-art LG washer and dryer set. The spacious bedrooms in each unit have two large windows, large closets, and full en-suite bathrooms. Central AC & heating Check out this great opportunity in this bustling area of Philadelphia! This location allows you to experience all that Center City Philadelphia and the surrounding area has to offer. Only a short walk away from some of the most popular attractions in the area including, markets, parks, galleries, cafes & restaurants, shops, nightlife, and more! Perfectly placed only two blocks from Broad Street, youâll find University of the Arts, the Kimmel Center, the Academy of Music, and much more. With only a 12 minute walk to City Hall, this property is ideal for Center City living. The bike friendly streets of Center City Philadelphia are accessed with ease by hopping right into the bike lane right outside the front door of the property on Pine Street. The subway (BSL) is about two blocks away at Lombard-South which is only a 6 minute walk.
WASHINGTON SQUARE WEST :: Premier Location :: 5 Unit Multi-Family :: Zoned CMX-1 :: Rare Opportunity :: This circa 1880âs converted estate home is an ideal value -add to your portfolio. Many original features are still intact while featuring high ceilings, large windows providing abundant natural light, ideal floorplans within a premier location! Potential tenants flow from 2 medical schools (Jefferson & UPENNâs Pennsylvania Hospital systems), professional employment centers (Financial & Law Office corridor) , U of the Arts and hubs for public transit (both major subway lines, bus routes, trolleys and biking lanes). Walk & Transit Score of 100 & a Bike score of 91! In addition, this property has untapped potential for even more interior square footage in the basement, on the 4th floor (currently a double height living space) & the rear of the building for expansion on the second & third floors, vastly increasing value and income. Property is maintained with recent upgrades to the heating system, new hot water heaters, new windows where needed. Currently fully occupied and a proforma with all income & expenses, and other details is attached. Please reach out for further information & details.
The median home value in Philadelphia, PA is $205,900. This is lower than the county median home value of $223,800. The national median home value is $338,100. The average price of homes sold in Philadelphia, PA is $205,900. Approximately 47.02% of Philadelphia homes are owned, compared to 42.7% rented, while 10.28% are vacant. Philadelphia real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Philadelphia real estate agent to arrange a tour today!
Philadelphia, Pennsylvania 19107 has a population of 1,596,865. Philadelphia 19107 is less family-centric than the surrounding county with 20.04% of the households containing married families with children. The county average for households married with children is 21.3%.
The median household income in Philadelphia, Pennsylvania 19107 is $52,649. The median household income for the surrounding county is $52,649 compared to the national median of $69,021. The median age of people living in Philadelphia 19107 is 34.8 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 26 degrees. The average rainfall is approximately 47.2 inches per year, with 13.1 inches of snow per year.