$2,595,000

1725 Pine St

PHILADELPHIA PA, 19103

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!!

Details

MLS#PAPH847820
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1855
Days On Site274

Features

SQ Feet6,013
Units4
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Area Information
StatePA
CityPHILADELPHIA
Zip Code19103
Area19103 (19103)
Listing VS Median (in 19103)
Price:
$2,595,000
low | high
Med:
$2,200
100% of Average
SqFt:
6,013
low | high
Med:
1,150
100% of Average
$ / SqFt:
$432
low | high
Med:
$2
100% of Average
On Site:
274
low | high
Med:
21
100% of Average
Listing Updated: 08/03/2020
Michael R McCann LogoMLS Number: PAPH847820
Listing Provided By:
Michael R McCann  of  Keller Williams Philly