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1707 Mount Vernon Street

PHILADELPHIA, PA 19130
  • $1,295,000
  • STATUS: Active
  • ON SITE: 63 Days
  • ID#: PAPH2306958
$1,295,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

Select Commercial Advisors is pleased to present the opportunity to acquire 1707 Mount Vernon Street, a well-maintained, professionally-managed, income-producing 5-unit multifamily property located in the heart of the Art Museum/Fairmount district, one of Philadelphia's most desirable and established neighborhoods. Excellent for a 1031 exchange. This rare investment opportunity seamlessly blends history, charm, and value. The spacious, well-designed layouts with multiple private outdoor spaces and stunning original character make this property a standout choice for tenants seeking a unique and comfortable living experience. With approx. 6,768 square feet of building area, composed of 4 x two-bedroom units and 1 x one-bedroom unit, the average unit size is much larger than comparable properties in the area. Situated on a tree-lined block in a vibrant neighborhood, this property is surrounded by culture and amenities, including the Philadelphia Museum of Art, Franklin Institute, Eastern State Penitentiary, plentiful shops, cafes, restaurants, schools, parks, ample public transit such as 30th Street Station, multiple SEPTA bus routes, the Broad Street Line, and more. Gross income is $106,068 annually. Increase rents with minimal cosmetic upgrades. Don't miss the opportunity to own a piece of Philadelphia history while securing a smart investment for the future. Inquire for full offering memorandum and showings.

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©2024 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 Jim Bass Group, Real Estate Teams, LLC. 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: 2024-02-22T18:02:41.503.
www.jimbassgroup.com/homes/146163333
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1707 Mount Vernon Street PHILADELPHIA, PA 19130

  • Price: $1,295,000
  • Status: Active
  • On Site: 63 Days
  • ID#: PAPH2306958
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1920
Built
Neighborhood:
Fairmount
County:
Philadelphia
Area:
19130 (19130)
School District:
The School District Of Philadelphia
Property Description
Select Commercial Advisors is pleased to present the opportunity to acquire 1707 Mount Vernon Street, a well-maintained, professionally-managed, income-producing 5-unit multifamily property located in the heart of the Art Museum/Fairmount district, one of Philadelphia's most desirable and established neighborhoods. Excellent for a 1031 exchange. This rare investment opportunity seamlessly blends history, charm, and value. The spacious, well-designed layouts with multiple private outdoor spaces and stunning original character make this property a standout choice for tenants seeking a unique and comfortable living experience. With approx. 6,768 square feet of building area, composed of 4 x two-bedroom units and 1 x one-bedroom unit, the average unit size is much larger than comparable properties in the area. Situated on a tree-lined block in a vibrant neighborhood, this property is surrounded by culture and amenities, including the Philadelphia Museum of Art, Franklin Institute, Eastern State Penitentiary, plentiful shops, cafes, restaurants, schools, parks, ample public transit such as 30th Street Station, multiple SEPTA bus routes, the Broad Street Line, and more. Gross income is $106,068 annually. Increase rents with minimal cosmetic upgrades. Don't miss the opportunity to own a piece of Philadelphia history while securing a smart investment for the future. Inquire for full offering memorandum and showings.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6768.00 Cooling Other Heating Forced Air Heating YN Yes Net Square Feet 6768.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Apartment Building Central Air YN No Cooling Fuel Natural Gas Foundation Details Stone Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 5 Original MLSNumber 802783759776 Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 11637.00 Tax Assessment Amount 831400.00 Tax Lot 133 Vacation Rental YN No Water Source Public Year Built Effective 2007 Zoning RM1 Zoning Description Multifamily 5 Units

Listing courtesy of Select Commercial Advisors: .


©2024 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 Jim Bass Group, Real Estate Teams, LLC. 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: 2024-02-22T18:02:41.503.
 
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Jim Bass Group, Real Estate Teams, LLC
617 W Patrick St
Frederick MD, 21701