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.
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 $157,000. This is higher than the county median home value of $152,400. The national median home value is $219,700. The average price of homes sold in Philadelphia, PA is $157,000. Approximately 45.41% of Philadelphia homes are owned, compared to 41.56% rented, while 13.03% 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 1,569,657. Philadelphia 19107 is less family-centric than the surrounding county with 21.16% of the households containing married families with children. The county average for households married with children is 21.17%.
The median household income in Philadelphia, Pennsylvania 19107 is $40,649. The median household income for the surrounding county is $40,649 compared to the national median of $57,652. The median age of people living in Philadelphia 19107 is 34.1 years.
The average high temperature in July is 87.5 degrees, with an average low temperature in January of 26.6 degrees. The average rainfall is approximately 46.8 inches per year, with 14.2 inches of snow per year.