$1,200,000
$1,350,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
7,134 SqFt
SOLD DATE : 06/27/2024
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,134 sqft
Price per Sqft $168
Subdivision Powelton Village
MLS Listing ID PAPH2326910
Sold Date 06/27/24
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $18,035
Tax Year 2022
Lot Size 5,000 Sqft
Acres 0.11
Lot Dimensions 50.00 x 100.00
Property Description
Rare multi-family investment opportunity in the Powelton Village neighborhood of University City. Three-story Victorian Italianate style, built circa 1870, comprising of three 3-bedroom units and three 2-bedroom units. This income producing property currently brings in $105,840 annually with one unit vacant (projected $129,240). The open two-story front porch, stuccoed and rusticated quoins and hairpin fence are defining features of the Powelton Village Philadelphia Register Historic District.
This property is located in the catchment area for the highly-regarded Powel Elementary School alongside Science Leadership Academy Middle School (SLAMS). It is also a short distance to Drexel University, the U.C. Science Center and the University of Pennsylvania.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RTA1
Interior
Hot Water Natural Gas
Heating Radiant
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881815300
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Reda B Akbil • Compass RE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "