Philadelphia, PA 19130,1707 MOUNT VERNON ST
Philadelphia, PA 19130,1707 MOUNT VERNON ST
Philadelphia, PA 19130,1707 MOUNT VERNON ST
Philadelphia, PA 19130,1707 MOUNT VERNON ST
Philadelphia, PA 19130,1707 MOUNT VERNON ST
Philadelphia, PA 19130,1707 MOUNT VERNON ST
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$1,203,500

$1,295,000

7.1%
Est.Price: ?

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Est. payment /mo

6,768 SqFt


SOLD DATE : 06/14/2024

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

Waterfront N

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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Bright MLS (BMLS)
Listed by Samantha Lee Miller • Select Commercial Advisors
Bought with Ariel L Morgenstein • JG Real Estate LLC
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(908) 279-0593

info@janmichaelrealestate.com

165 Passaic Ave, Fairfield, NJ, 07004, USA

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