Address
1707 Mount Vernon Street, Philadelphia, PA
Price
$ 1,295,000
Property Attributes
- MLS#PAPH2306958
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19130
- NeighborhoodFairmount
- Zip19130
- StyleApartment Building
- Year Built1920
- Taxes$ 11637
- Price$ 1,295,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6768
- Lot Size2,614 SqFt
Data Source:
Bright MLS
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.
| Price History | |
|---|---|
| 12/20/2023 | Listed $1,295,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Other |
| Possession | Immediate |
| Zoning | RM1 |
| Construction Materials | Masonry |
| Year Built | 1920 |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Business Type | Apartment Building |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | FAIRMOUNT |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | Google Maps |
| ModificationTimestamp | 2024-05-18T14:11:08 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 3 |
| Zoning Description | Multifamily 5 Units |
| Total Units | 5 |
| MLS Area | 19130 (19130) |
| Lot Size Square Feet | 2700.00 |
| Tax Assessed Value | 831400.0 |
| Waterfront Y/N | No |
| Street Name | MOUNT VERNON |
| Tax Annual Amount | 11637.0 |
| Price Per Sq Ft Total | 191.34 |
| Vacation Rental Y/N | No |
| Days on Market | 149 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 133 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Total Stories | 3 |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | CA0 |
| Foundation Details | Stone |
| Water View Y/N | No |
| Building Area Total | 6768.00 |
| Lot Dimensions | 36.00 x 75.00 |
| Lot Size Acres | 0.06 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 83140.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19130
Price
Taxes
Visits
Year Built
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