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1106 PINE ST Philadelphia, PA 19107
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Key Details
Sold Price $860,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,662 sqft
Price per Sqft $323
Subdivision Washington Sq West
MLS Listing ID 1002030040
Sold Date 07/29/19
HOA Y/N N
Originating Board TREND
Annual Tax Amount $7,252
Tax Year 2018
Lot Size 1,800 Sqft
Acres 0.04
Lot Dimensions 19X96
Property Description
SIX UNITS TOTAL. Location! Location! Location! AND PARKING TOO! This is one of just a few properties located DIRECTLY ON Picturesque Louis Kahn Park with Park Views. And located on Historic Antique Row. This is a Large Multi-Unit building with 3 apartments, 1 store, and 2 PARKING SPACES. 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. ***The 2 parking spaces are valued at $100,000.00***. Price per Square Foot is $409.46. There are possible opportunities to expand the building in the back, add balconies, and construct another level on top. TENANTS LOVE TO LIVE AT THIS LOCATION: Whole Foods, Starbucks, Acme, Brand New WaWa, CVS, and more within blocks, and Pine Street is lined with fun shops. Also walk 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. With a LITTLE work your rents can be MUCH HIGHER. Listing Agent available by phone 9am-11pm EST 7 days a week.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX1
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Flooring Wood, Carpet
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 2.0
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871059600
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with James M Labonski • BHHS Fox & Roach-Center City Walnut