928 Pine St, Philadelphia, PA 19107

$3,450,000
List Price
$3,450,000
Price Change
▼ $335,000 1654281341
Days on Market
49
Status
ACTIVE
MLS#
PAPH2115736
Lot Size (Acres)
0.08
Year Built
1903
County
Philadelphia
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 $214,500.00 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!

Additional Information

Area
19107 (19107)
Subdivision
Washington Sq West
Taxes
$25946
School District
The School District Of Philadelphia
Heating
Baseboard - Electric, Hot Water
Heating Fuel
Electric
Cooling
Window Unit(s)
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Philly.

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