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5052-54 WALNUT ST Philadelphia, PA 19139
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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
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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Bought with Isela Lares • Compass RE
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