5052-54 WALNUT ST, Philadelphia, PA 19139 – PAPH1013928

$2,450,000

Est. payment -/mo

$2,675,000

8.4%

Est.Price: ?

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12,000 SqFt

SOLD DATE : 10/08/2021

Key Details

Sold Price $2,450,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $204

Subdivision Walnut Hill

MLS Listing ID PAPH1013928

Sold Date 10/08/21

HOA Y/N N

Originating Board BRIGHT

Year Built 2017

Annual Tax Amount $2,765

Tax Year 2021

Lot Size 4,729 Sqft

Acres 0.11

Lot Dimensions 48.80 x 96.90

Property Description

Rare opportunity to acquire an income-producing, turnkey, 16-unit apartment building in prime, West Philadelphia. Located in the Opportunity Zone, this fully-occupied 12,000 Sq Ft building was completely renovated in 2017. The building consists of 16 units featuring (13) one-bedroom units and(3) two-bedroom units. Each apartment features an open floor plan with hardwood flooring, modern kitchens with stainless steel appliances, and a full bathroom. Six of the units offer balconies. A fully finished basement includes a common laundry area and an office space with a full bath. An easy commute to the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University of the Sciences. There are six years remaining on the 10-year tax abatement.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Hardwood

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility Ramp - Main Level, Accessible Switches/Outlets, Doors - Swing In, No Stairs, Level Entry - Main, Kitchen Mod, Grab Bars Mod, Doors - Lever Handle(s), 2+ Access Exits, 36\"+ wide Halls

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881215400

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Sprinkler System - Indoor,Intercom,Main Entrance Lock,Security System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Don Perrin

don@milvets.us +1(703) 819-4655

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Listed by Isela Lares • Compass RE
Bought with Isela Lares • Compass RE

Don Perrin

Agent | License ID: 0225222228

+1(703) 819-4655