Price Reduction
Listed By:
KW Empower
Address
1108 Pine Street, Philadelphia, PA
Price
$ 2,600,000
Property Attributes
  • MLS#PAPH2259776
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19107
  • NeighborhoodWashington Sq West
  • Zip19107
  • StyleUnit/Flat
  • Year Built1968
  • Taxes$ 12073
  • Price$ 2,600,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description

This exceptional property stands out as a true gem among its peers, boasting unrivaled features and craftsmanship. This gorgeous, blue chip investment property has roughly a 5% cap rate. Recent renovations have completely transformed this masterpiece from top to bottom, reflecting the meticulous attention to detail and artistic vision of its devoted owners. The first floor commercial space showcases an internationally renowned art gallery, with magnificent high ceilings, gorgeous natural light, and a strategically placed column, dividing the space into two separate galleries, each exuding its unique charm and allure. The office and a quaint half bathroom further enhance the functionality of this remarkable floor. Out back reveals a serene and inviting patio, overlooking an historic block; a true oasis in the heart of the bustling city. On the top two floors are 4 one-bedroom, one-bathroom apartments that showcase a seamless blend of modern amenities and timeless elegance. These opulent living spaces offer a true haven for residents, providing comfort and sophistication. Here are the following rent rolls: Unit 1: 1 bed, 1 bath $1650/mo, expiration 8/31/2023. Unit 2: 1 bed, 1 bath $1875/mo expiration 8/31/2023. Unit 3: 1 bed, 1 bath $1875/mo expiration 8/31/2023. Unit 4: 1 bed 1 bath $1650/mo expiration 8/31/2023. The first floor commercial unit will soon be listed for $6,000/mo. Embrace the allure of this unique gem, where history, culture, and contemporary living merge! All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.

Price History
7/19/2023 Listed $2,850,000
9/20/2023 4% - $2,750,000
2/3/2024 6% - $2,600,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning CMX1
Pool Y/N No Pool
Architectural Style Unit/Flat
Construction Materials Masonry
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 1968
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Multi-Family
Subdivision Name WASHINGTON SQ WEST
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Total Units 4
MLS Area 19107 (19107)
Lot Size Square Feet 2020.00
Waterfront Y/N No
Tax Annual Amount 12073.0
Structure Type Interior Row/Townhouse
Single Room Units Count 1
One Bedroom Units Count 4
Other Units Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Price Per Sq Ft 619.05
Vacation Rental Y/N No
Days on Market 199
Tax Lot 88
School District 300200397108

Interior Features

Heating Fuel Natural Gas
Basement Unfinished
Hot Water Natural Gas
Heating Y/N Yes
Central Air Y/N Yes

Exterior Features

Water Source Public
Type of Parking None
Foundation Details Brick/Mortar
Water View Y/N No
Lot Dimensions 20.00 x 101.00
Lot Size Acres 0.05
Lot Size Source Assessor
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19107

Price
AVG $1.87M
$2.6M
Taxes
AVG $10,741
$12,073
Visits
AVG 384
474
Data Provided by Inside Real Estate®
Year Built
AVG 1923
1968

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