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3905-7 BARING ST Philadelphia, PA 19104
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Key Details
Sold Price $653,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,850 sqft
Price per Sqft $229
Subdivision University City
MLS Listing ID PAPH991888
Sold Date 04/30/21
Style Traditional
HOA Y/N N
Abv Grd Liv Area 2,850
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $5,794
Tax Year 2021
Lot Size 2,127 Sqft
Acres 0.05
Lot Dimensions 40.00 x 60.00
Property Description
INVESTOR ALERT!!!! 2017 Renovated 4 unit CASH COW at the Luxor at Baring Street! This turn-key building includes a studio, 1 Bed and two 2 Bed units. The 2 bed units have been rented as 3 beds previously for tenants looking to save money. Plenty of ways the next owner can add value over time and increase rents. Located in thriving University City within a mile of Drexel University, University of Pennsylvania, as well as the award-winning Children’s Hospital Of Philadelphia. Near public transportation and the perfect area for those that love to enjoy walking or biking, adjacent to the Powelton Village Neighborhood that features more than 70 area restaurants, bars and coffee shops this is one of the highest in demand rental areas for students and young professionals alike. Just a stones from SEPTA's three lines and sits on both Drexel’s Powelton/Spring Garden Route, both Penn's LUCY Gold and LUCY Green routes, and is blanketed by Pen’ s Shuttle and Walking Escort Services. Building comes fully equipped with in unit private, stainless steel appliances, marble tile and central-air and forced hot air heat. Portfolio property to be passed down for generations. First Floor: Studio and 1 Bed/1 Bath. Second Floor: 2Bed/1bath (Or 3 bed) Third Floor: 2Bed/1bath (or 3 bed)
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Rooms
Basement Other
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 241176100
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Lisa Y Risco • RE/MAX Access