$1,345,000
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Description
Location! Location! Location! AND PARKING TOO! 1106 Pine Street on Historic Antique Row is a Large Multi-Unit building with 3 apartments, 1 store, and 2 PARKING SPACES. Fully Occupied. This is one of just a few properties located directly across from Picturesque Louis Kahn Park with Park Views. This property is 19' wide and stretches from Pine Street on the front to Waverly Street on the back. Entering on Pine Street there is a Beautiful Boutique Retail Store with 12' ceilings & a full basement with high ceilings for inventory/work space, and 2 large apartments on the upper levels. On Waverly Street, there are 2 PRIVATE PARKING SPACES and 1 rear apartment with its own private entrance. Every apartment has plenty of windows & natural light-more than most apartments. All apartments have white kitchen cabinetry & counters, newer appliances including dishwashers. Hardwood Floors &/or carpeting. All baths include tiled walls & floors. There are possible opportunities to expand the building in the back, add balconies, and a reconstruct a 3rd level that once existed years ago. The price per square foot calculation which is auto-calculated online is incorrect, as it does not take into account the high value of the 2 parking spaces, so the price per square foot is actually less than listed on most web sites. Tenants LOVE to live at this location: Whole Foods, Starbucks, Acme, CVS, and more within blocks, and Pine Street is lined with fun shops. CLOSE TO Jefferson University-Hospital, Pennsylvania Hospital, University of the Arts, Midtown Village, and the Business District. Rental Rates listed above are Current Market Value in current condition--current tenants have been in place for years and pay less because the current Owner has not made increases, so this is an opportunity to increase rental income easily and make this building into your own. More detailed information for income and expenses available upon request. Listing Agent available by phone 9am-11pm EST 7 days a week.
Details
| MLS# | 1002029922 |
|---|---|
| Sub-Type | Resale |
| Status | Active |
| Year | 0 |
| Days On Site | 186 |
Features
| SQ Feet | 2,662 |
|---|---|
| Units | 4 |
Market Activity 19107
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Area Information | |
|---|---|
| State | PA |
| City | PHILADELPHIA |
| Zip Code | 19107 |
| Area | 19107 (19107) |
| Listing VS Median (in 19107) | |
Price: $1,345,000 low | high Med: $2,873 SqFt: 2,662 low | high Med: 1,789 $ / SqFt: $505 low | high Med: $2 On Site: 186 low | high Med: 115 | |
MLS Number: 1002029922Listing Provided By:
James M Labonski of BHHS Fox Roach-Center City Walnut