1106 Pine St

PHILADELPHIA, PA 19107

About this property

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.

Date Added
May 19, 2020
Listing Status
Active
Days On Site
123
MLS#
PAPH896226

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
MultiFamily
Style
Sub-Type
Resale
Year
1900
Garage
0
Pool
No
Story(s)
Property View
No
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$1,199,000 Active
0 Beds
0 Full Baths
2,662 SQFT

Presented By Addison Wolfe Real Estate

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New Hope
(215) 862-5500
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Area Information

19107 (19107) | PHILADELPHIA-PA County |

$ 1,199,000
This listing is play_arrow 74604.0% higher than the average in the area
$ 1,605 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
123 days on site
This listing is play_arrow 7.9% above the average in the area
114 days on site in the area

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