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Danielle Wateridge

danielle.wateridge@gmail.com +1(703) 639-8869

$ 825,000

Est. payment -/mo

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Price Dropped by $50K

1634-40 W MASTER ST Philadelphia, PA 19121

11,151 SqFt

UPDATED:

10/03/2024 02:41 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 11,151 sqft

Price per Sqft $73

Subdivision Francisville

MLS Listing ID PAPH2382748

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $11,643

Tax Year 2024

Lot Size 2,400 Sqft

Acres 0.06

Lot Dimensions 32.00 x 75.00

Property Description

This is an increidble opportunity for the right investor that is familiar with federal programs designed for housing for recovery, stabiliazation programs, VA, etc. This property has a legal rental license for 25 units, that includes one unit designated for a builing manager. Each private bedroom has tall ceilings, windows and a closet. There is a total of 6 powder rooms, 6 showers, a laundry room, 3 lounge/common areas, and 2 kicthens that are shared by all the residents. There is also a large outdoor space and a reception area at the front door. The area is surrounded by new construction, easily assesble by public transportation, and close to Center City. The property was occupied fairly recently, but had been vadalized during a short vacancy period. Please be aware that it does need work to make it leasable again, but it is priced accordinly to the esimated cost to renovate.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RSA5

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water, Forced Air

Cooling None

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881427250

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

Listed by Lara Ertwine • SERHANT PENNSYLVANIA LLC

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