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928-930 Pine Street

PHILADELPHIA, PA 19107
  • $3,450,000
  • STATUS: Active
  • ON SITE: 90 Days
  • ID#: PAPH2115736
UPDATED: 77 min ago
$3,450,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1903
County:

School Ratings & Info

Description

Attention all investors, this is the asset you have been waiting for! Boasting 9778 square feet in the heart of Washington Square, this double wide, 4 story building has a successful restaurant with a long term lease, 11 residential apartments, and addition land square footage. There is never a vacancy! This is a Blue Chip opportunity for the savvy investor! The storefront is beautiful, has a Fantastic neighborhood presence and is always packed. The apartments are a perfect mix of studios, 1 bedrooms, 2 bedrooms and even a 3 bedroom, 2 bathroom unit. The space is enormous, has mostly separate utilities and features exposed brick walls, intercoms, some newer kitchens and even decks. With a gross income of $225,360.00 and a true 5 cap in the heart of Center City, this one just makes sense. Do not play the market, the bricks are always there. Center City has had a consistent appreciation and has risen 20% in the last 2 years. Rents have been skyrocketing, and there is much upside with this property. Make your move today!

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©2022 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 The Newman Real Estate Group | Keller Williams Flagship of Maryland. 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: 2022-08-11T09:00:30.84.
www.thinknewman.com/homes/128643393
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928-930 Pine Street PHILADELPHIA, PA 19107

  • Price: $3,450,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 77 min ago
  • ID#: PAPH2115736
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1903
Built
Neighborhood:
Washington Sq West
County:
Philadelphia
Area:
19107 (19107)
School District:
The School District Of Philadelphia
Property Description
Attention all investors, this is the asset you have been waiting for! Boasting 9778 square feet in the heart of Washington Square, this double wide, 4 story building has a successful restaurant with a long term lease, 11 residential apartments, and addition land square footage. There is never a vacancy! This is a Blue Chip opportunity for the savvy investor! The storefront is beautiful, has a Fantastic neighborhood presence and is always packed. The apartments are a perfect mix of studios, 1 bedrooms, 2 bedrooms and even a 3 bedroom, 2 bathroom unit. The space is enormous, has mostly separate utilities and features exposed brick walls, intercoms, some newer kitchens and even decks. With a gross income of $225,360.00 and a true 5 cap in the heart of Center City, this one just makes sense. Do not play the market, the bricks are always there. Center City has had a consistent appreciation and has risen 20% in the last 2 years. Rents have been skyrocketing, and there is much upside with this property. Make your move today!
Exterior Features

Construction Materials Masonry Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 9778.00 Cooling Window Unit(S) Exclusions Tenant's Belongings Heating Baseboard - ElectricHot Water Heating YN Yes Net Square Feet 0.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 12 Original MLSNumber 801559961662 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 25946.00 Tax Assessment Amount 1853600.00 Tax Lot 193 Vacation Rental YN No Water Source Public Zoning Cmx1

Listing courtesy of Keller Williams Philly.


©2022 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 The Newman Real Estate Group | Keller Williams Flagship of Maryland. 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: 2022-08-11T09:00:30.84.
 
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The Newman Real Estate Group | Keller Williams Flagship of Maryland
231 Najoles Rd., Suite 100
Millersville MD, 21108