For Sale

Listed by Daniel Kim

Source: Bright MLS #PAPH1017916

1106 Pine St, Philadelphia, PA, 19107

$975,000

0.04 ac.

MultiFam

30+ days on the market

What's around 1106 Pine St

About this property

Now available in Washington Square West, on the historic Antique Row, is this Value-Add, Mixed-Use building situated directly across from Louis Kahn Park. This building sits on a lot that stretches street-to-street (Pine to Waverly) and comprises of four (4) total units; one (1) commercial unit with excellent street visibility, and three (3) one bedroom units. One of those units aka the "owner's unit" is in the rear of the first floor and has its own private entrance, leading out to the two (2) car driveway in the back. The next owner can cosmetically renovate each unit and also charge $250 per parking spot to increase the NOI (Net Operating Income). Unit 1R aka Owner's Unit is occupied by Landlord, but was rented for $1,200/month. Unit 2F is currently rented for $1,250/month, but will be increased to $1,295/month effective 9/1/21. Unit 2R is currently rented for $1,225/month but will increase to $1,325/month effective 10/1/21. This building is not historic so there are multiple opportunities to renovate, whether it's an over-build, adding a floor/addition on the back, or a full demo. Building is being sold AS-IS.

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