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1106 Pine Street

PHILADELPHIA, PA 19107
  • $975,000
  • STATUS: Active Under Contract
  • ON SITE: 200 Days
  • ID#: PAPH1017916
Under Contract
UPDATED: 190 min ago
$975,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,662
    SQFT
  • $366
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

Description

Now available in Washington Square West, on the historic Antique Row, is this Value-Add, Mixed-Use building situated directly across from Louis Kahn Park. This building sits on a lot that stretches street-to-street (Pine to Waverly) and comprises of four (4) total units; one (1) commercial unit with excellent street visibility, and three (3) one bedroom units. One of those units aka the "owner's unit" is in the rear of the first floor and has its own private entrance, leading out to the two (2) car driveway in the back. The next owner can cosmetically renovate each unit and also charge $250 per parking spot to increase the NOI (Net Operating Income). Unit 1R aka Owner's Unit is occupied by Landlord, but was rented for $1,200/month. Unit 2F is currently rented for $1,250/month, but will be increased to $1,295/month effective 9/1/21. Unit 2R is currently rented for $1,225/month but will increase to $1,325/month effective 10/1/21. This building is not historic so there are multiple opportunities to renovate, whether it's an over-build, adding a floor/addition on the back, or a full demo. Building is being sold AS-IS.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Revol Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-03T23:51:16.467.
www.revolhomes.com/homes/117292031
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1106 Pine Street PHILADELPHIA, PA 19107

  • Price: $975,000
  • Status: Active Under Contract
  • On Site: 200 Days
  • Updated: 190 min ago
  • ID#: PAPH1017916
0
Beds
0
Baths
0
½ Baths
0.04
Acres
2,662
SQFT
$366
$/SQFT
1900
Built
Neighborhood:
Washington Sq West
County:
Philadelphia
Area:
19107 (19107)
Elementary School:
Gen. George A. Mccall School
Middle School:
Gen. George A. Mccall School
High School:
Horace Furness
School District:
The School District Of Philadelphia
Property Description
Now available in Washington Square West, on the historic Antique Row, is this Value-Add, Mixed-Use building situated directly across from Louis Kahn Park. This building sits on a lot that stretches street-to-street (Pine to Waverly) and comprises of four (4) total units; one (1) commercial unit with excellent street visibility, and three (3) one bedroom units. One of those units aka the "owner's unit" is in the rear of the first floor and has its own private entrance, leading out to the two (2) car driveway in the back. The next owner can cosmetically renovate each unit and also charge $250 per parking spot to increase the NOI (Net Operating Income). Unit 1R aka Owner's Unit is occupied by Landlord, but was rented for $1,200/month. Unit 2F is currently rented for $1,250/month, but will be increased to $1,295/month effective 9/1/21. Unit 2R is currently rented for $1,225/month but will increase to $1,325/month effective 10/1/21. This building is not historic so there are multiple opportunities to renovate, whether it's an over-build, adding a floor/addition on the back, or a full demo. Building is being sold AS-IS.
Exterior Features

Architectural Style Traditional Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Features Asphalt DrivewayPrivate Parking Types Driveway Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2662 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Exclusions Tenant's Personal Belonging's & Landlord's Personal Belonging's in Unit 1R (Owner's Unit) Fireplaces Total 0 Heating Hot Water Heating YN Yes Inclusions Six (6) A/C Window Units & All Appliances in Each Unit. Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished None

Property Features

Acceptable Financing CashConventionalExchange Accessibility Features 2+ Access Exits Assessment Year 2021 Association YN No Central Air YN No Cooling Fuel Electric Cross Street S 11th St Existing Lease Type Yearly Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 4 Number Of Units Vacant 2 Original MLSNumber 304607685965 Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Sale Type Standard Sewer Public Septic Structure Design Type Interior Row/Townhouse Tax Annual Amount 7544.00 Tax Assessment Amount 538900.00 Tax Lot 114 Vacation Rental YN No Water Source Public Zoning Cmx1

Listing courtesy of Keller Williams Philly.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Revol Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-03T23:51:16.467.
 
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