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1707 MOUNT VERNON ST Philadelphia, PA 19130
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Key Details
Sold Price $1,203,500
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,768 sqft
Price per Sqft $177
Subdivision Fairmount
MLS Listing ID PAPH2306958
Sold Date 06/14/24
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $11,637
Tax Year 2023
Lot Size 2,700 Sqft
Acres 0.06
Lot Dimensions 36.00 x 75.00
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.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Other
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881807550
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Ariel L Morgenstein • JG Real Estate LLC