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    1106 Pine Street

    PHILADELPHIA, PA 19107
    • $1,199,000
    • STATUS: Active
    • ON SITE: 195 days
    • ID#: PAPH896226
    UPDATED: 71 min ago
    $1,199,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,662
      SQFT
    • $450
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    Description

    Location! Location! Location! This multi unit, store front, mixed use building is one of just a few properties located on Historic Antique Row, just across the street from the Charming Louis Kahn Park. This almost 3000 square foot property houses 3, 1 bedroom apartments, 1 huge storefront, and 2 parking spaces. Spanning street to street, from Pine Street on the front to Waverly Street on the back, it is quite impressive with a 18.75 foot by 96 foot lot size. There are 2 entrances on Pine Street, 1 to a currently vacant boutique style, retail store. The store (previously rented at $1,600.00 per month) includes use of the basement, has soaring ceilings, and tons of natural light. There is also an entrance to 2, spacious 1 bedroom apartments on the upper levels. On Waverly Street, there are 2 gated parking spaces and a private access to a 1 bedroom apartment. All of the apartments have full kitchens with newer appliances including dishwashers, hardwood and carpeted flooring and unit # 1R has an in unit washer and dryer. All bathrooms include ceramic tiled walls and floors. This is a Value Add Opportunity with expansion of the building in the back and up. There is currently separate electric, however the owner pays for heat and hot water. Separate these, and give yourself a bonus. All of the 1 bedroom apartments were previously rented at $1,300.00 per month, but with some sweat equity and updating, they could easily fetch $1,500.00 per month. The owner reports that his current heat bill is approximately $2,000.00 per year, water is approximately $1,000.00 per year and building and liability insurance is approximately $2,600.00 per year. This is a blank canvas in a Blue Chip location, only blocks from Whole Foods, Starbucks, CVS, and more. Also walk to Jefferson University-Hospital, Pennsylvania Hospital, University of the Arts, Midtown Village, and the Central Business District. This handsome abode could make the perfect investment, we all know the stock market is not great now, and it also lends itself to the owner occupant.

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    ©2020 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 Keller Williams 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: 2020-12-01T14:53:39.86.
    www.seeinsidethehouse.com/homes/106025938
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    1106 Pine Street PHILADELPHIA, PA 19107

    • Price: $1,199,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: PAPH896226
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    2,662
    SQFT
    $450
    $/SQFT
    1900
    Built
    Neighborhood:
    Washington Sq West
    County:
    Philadelphia
    Area:
    19107 (19107)
    School District:
    The School District Of Philadelphia
    Property Description
    Location! Location! Location! This multi unit, store front, mixed use building is one of just a few properties located on Historic Antique Row, just across the street from the Charming Louis Kahn Park. This almost 3000 square foot property houses 3, 1 bedroom apartments, 1 huge storefront, and 2 parking spaces. Spanning street to street, from Pine Street on the front to Waverly Street on the back, it is quite impressive with a 18.75 foot by 96 foot lot size. There are 2 entrances on Pine Street, 1 to a currently vacant boutique style, retail store. The store (previously rented at $1,600.00 per month) includes use of the basement, has soaring ceilings, and tons of natural light. There is also an entrance to 2, spacious 1 bedroom apartments on the upper levels. On Waverly Street, there are 2 gated parking spaces and a private access to a 1 bedroom apartment. All of the apartments have full kitchens with newer appliances including dishwashers, hardwood and carpeted flooring and unit # 1R has an in unit washer and dryer. All bathrooms include ceramic tiled walls and floors. This is a Value Add Opportunity with expansion of the building in the back and up. There is currently separate electric, however the owner pays for heat and hot water. Separate these, and give yourself a bonus. All of the 1 bedroom apartments were previously rented at $1,300.00 per month, but with some sweat equity and updating, they could easily fetch $1,500.00 per month. The owner reports that his current heat bill is approximately $2,000.00 per year, water is approximately $1,000.00 per year and building and liability insurance is approximately $2,600.00 per year. This is a blank canvas in a Blue Chip location, only blocks from Whole Foods, Starbucks, CVS, and more. Also walk to Jefferson University-Hospital, Pennsylvania Hospital, University of the Arts, Midtown Village, and the Central Business District. This handsome abode could make the perfect investment, we all know the stock market is not great now, and it also lends itself to the owner occupant.
    Exterior Features

    Architectural Style Traditional Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Features Paved Driveway 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 FullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Exclusions Tenant's Personal Property Fireplaces Total 0 Heating Baseboard - Hot Water Heating YN Yes Inclusions Refrigerators And Washers/Dryers Single Room Units 1 Three Bedroom Units 0 Two Bedroom Units 0

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 304130962609 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Standard Sewer Public Sewer 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.


    ©2020 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 Keller Williams 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: 2020-12-01T14:53:39.86.
     
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    6 State Route 173, Suite 202
    Clinton NJ, 08809