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    1725 Pine Street

    PHILADELPHIA, PA 19103
    • $2,595,000
    • STATUS: Active
    • ON SITE: 440 days
    • ID#: PAPH847776
    $2,595,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1855
    County:

    School Ratings & Info

    Description

    If you are looking for a Blue Chip Investment in the Best neighborhood in Philadelphia, you have found it!! This beautifully renovated and incoming producing Rittenhouse Square Multi-Unit Mansion has it all. The previous owner-occupant of 40 years was an interior designer who spared no expense and used the finest workmen to continuously maintain and improve this property over the last 4 decades. This is a true Trophy Property. It runs street-to-street and includes the main building with 4 units plus an additional unit which could be used for an AirBnB (not zoned) and a separate Carriage House with an over sized 1 car GARAGE. In-between the 2 buildings is a private brick patio, including an enchanting landscaped garden with a fountain and fireplace that connects the largest residence with the garage parking. All utilities in both building are separate except water. All 5 apartments have been recently renovated and updated, yet they retain lovely character with both original and re-purposed features. Current rents are way UNDER MARKET. With conservative projected rents, the monthly income could be at least $20,000/year higher. The 1st floor is a 3 bedroom plus den, 2 bath bi-level apartment with a private garden and direct access to garage parking. High ceilings, tons of natural light and lovely character is emphasized in this apartment; truly a warm and wonderful space. The 2nd floor rear apartment is bi level, offering 2 bedrooms, 1.5 bathrooms, an open and renovated kitchen, hardwood floors, and a private deck. 2nd Floor Front and 3rd Floor Front are both spacious 1 bedroom apartments with high ceilings and huge south-facing windows. The 4th floor offers a bonus studio apartment that could easily be combined with 1 of the lower units to create a larger unit and a larger revenue stream or it could be used as a guest suite or AirBnB; your choice! The Carriage House is an adorable, separate 1 bedroom residence with a private patio (separate from owner's garden). This Rittenhouse Square abode includes so many other upgrades including new custom made, energy efficient, sound attenuating historical windows on the entire facade, handsome front planters, and art work throughout. This home offers a rare opportunity to own a spectacular building in the finest location, with Great cash flow. Do not hesitate, pictures do not lie! Diversify the stock account and purchase an asset with a premium upside!!

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    ©2021 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 Shamrock Realty Group, Inc. 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: 2021-01-17T23:50:30.563.
    www.shamrockrealtygroup.com/homes/100541842
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    1725 Pine Street PHILADELPHIA, PA 19103

    • Price: $2,595,000
    • Status: Active
    • ID#: PAPH847776
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1855
    Built
    Neighborhood:
    Rittenhouse Square
    County:
    Philadelphia
    Area:
    19103 (19103)
    School District:
    The School District Of Philadelphia
    Property Description
    If you are looking for a Blue Chip Investment in the Best neighborhood in Philadelphia, you have found it!! This beautifully renovated and incoming producing Rittenhouse Square Multi-Unit Mansion has it all. The previous owner-occupant of 40 years was an interior designer who spared no expense and used the finest workmen to continuously maintain and improve this property over the last 4 decades. This is a true Trophy Property. It runs street-to-street and includes the main building with 4 units plus an additional unit which could be used for an AirBnB (not zoned) and a separate Carriage House with an over sized 1 car GARAGE. In-between the 2 buildings is a private brick patio, including an enchanting landscaped garden with a fountain and fireplace that connects the largest residence with the garage parking. All utilities in both building are separate except water. All 5 apartments have been recently renovated and updated, yet they retain lovely character with both original and re-purposed features. Current rents are way UNDER MARKET. With conservative projected rents, the monthly income could be at least $20,000/year higher. The 1st floor is a 3 bedroom plus den, 2 bath bi-level apartment with a private garden and direct access to garage parking. High ceilings, tons of natural light and lovely character is emphasized in this apartment; truly a warm and wonderful space. The 2nd floor rear apartment is bi level, offering 2 bedrooms, 1.5 bathrooms, an open and renovated kitchen, hardwood floors, and a private deck. 2nd Floor Front and 3rd Floor Front are both spacious 1 bedroom apartments with high ceilings and huge south-facing windows. The 4th floor offers a bonus studio apartment that could easily be combined with 1 of the lower units to create a larger unit and a larger revenue stream or it could be used as a guest suite or AirBnB; your choice! The Carriage House is an adorable, separate 1 bedroom residence with a private patio (separate from owner's garden). This Rittenhouse Square abode includes so many other upgrades including new custom made, energy efficient, sound attenuating historical windows on the entire facade, handsome front planters, and art work throughout. This home offers a rare opportunity to own a spectacular building in the finest location, with Great cash flow. Do not hesitate, pictures do not lie! Diversify the stock account and purchase an asset with a premium upside!!
    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 6975.00 Cooling Central A/C Exclusions Tenants Furniture And Personal BelongingsAir B N B Unit Furniture is Negotiable. Heating Forced AirBaseboard - Hot WaterHot Water Heating YN Yes Inclusions All ArtworkAll RefrigeratorsOvens And Washers And Dryers Net Square Feet 6975.00

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN Yes 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 5 Original MLSNumber 302145541501 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 31027.00 Tax Assessment Amount 2216500.00 Tax Lot 99 Vacation Rental YN No Water Source Public Zoning Rm1

    Listing courtesy of Keller Williams Philly.


    ©2021 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 Shamrock Realty Group, Inc. 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: 2021-01-17T23:50:30.563.
     
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