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1707 Mount Vernon Street,  Philadelphia PA, 19130

(Active)
$1,295,000
|
6,768 sqft
|
MLS# PAPH2306958
Last Updated: 5/8/2024 9:29 AM
Description for 1707 Mount Vernon Street Philadelphia, PA 19130
Select Commercial Advisors is pleased to present the opportunity to acquire 1707 Mount Vernon Street, a well-maintained, professionally-managed, income-producing 5-unit multifamily property located in the heart of the Art Museum/Fairmount district, one of Philadelphia's most desirable and established neighborhoods. Excellent for a 1031 exchange. This rare investment opportunity seamlessly blends history, charm, and value. The spacious, well-designed layouts with multiple private outdoor spaces and stunning original character make this property a standout choice for tenants seeking a unique and comfortable living experience. With approx. 6,768 square feet of building area, composed of 4 x two-bedroom units and 1 x one-bedroom unit, the average unit size is much larger than comparable properties in the area. Situated on a tree-lined block in a vibrant neighborhood, this property is surrounded by culture and amenities, including the Philadelphia Museum of Art, Franklin Institute, Eastern State Penitentiary, plentiful shops, cafes, restaurants, schools, parks, ample public transit such as 30th Street Station, multiple SEPTA bus routes, the Broad Street Line, and more. Gross income is $106,068 annually. Increase rents with minimal cosmetic upgrades. Don't miss the opportunity to own a piece of Philadelphia history while securing a smart investment for the future. Inquire for full offering memorandum and showings.
Price
$1,295,000
FAIRMOUNT
PHILADELPHIA
6,768 (approx)
PAPH2306958
Active
Description
Select Commercial Advisors is pleased to present the opportunity to acquire 1707 Mount Vernon Street, a well-maintained, professionally-managed, income-producing 5-unit multifamily property located in the heart of the Art Museum/Fairmount district, one of Philadelphia's most desirable and established neighborhoods. Excellent for a 1031 exchange. This rare investment opportunity seamlessly blends history, charm, and value. The spacious, well-designed layouts with multiple private outdoor spaces and stunning original character make this property a standout choice for tenants seeking a unique and comfortable living experience. With approx. 6,768 square feet of building area, composed of 4 x two-bedroom units and 1 x one-bedroom unit, the average unit size is much larger than comparable properties in the area. Situated on a tree-lined block in a vibrant neighborhood, this property is surrounded by culture and amenities, including the Philadelphia Museum of Art, Franklin Institute, Eastern State Penitentiary, plentiful shops, cafes, restaurants, schools, parks, ample public transit such as 30th Street Station, multiple SEPTA bus routes, the Broad Street Line, and more. Gross income is $106,068 annually. Increase rents with minimal cosmetic upgrades. Don't miss the opportunity to own a piece of Philadelphia history while securing a smart investment for the future. Inquire for full offering memorandum and showings.
Listing Information
Property Type: Business Opportunities, 3+ Story
0.06 Acres 6,768 (approx) 1920
3
FAIRMOUNT
Public
Public Sewer
5 Total
Neighborhood
Room Information
Interior Features
Gas Heat, Forced Air
Exterior / Lot Features
On Street
36.00 x 75.00
Multifamily 5 Units
Driving Directions
Google Maps
Financial Considerations
881807550
$11,637
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19130 has a population of 1,615,184.

The median household income in Philadelphia, Pennsylvania 19130 is $94,443. The median household income for the surrounding county is $50,724 compared to the national median of $66,222. The median age of people living in Philadelphia 19130 is 37 years.

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Courtesy: Select Commercial Advisors
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/8/2024 9:29 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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