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Great Location and Improved Pricing!!! Discover urban sophistication and modern living in this beautifully renovated legally RM1 zoned multi family (up to 4 units allowed) located in the heart of Olde Kensington, one of Philadelphia's most vibrant neighborhoods. Ideal for investors seeking a turnkey property or homeowners looking for rental income opportunities. Strong rental income potential in a sought-after rental market with the average one to two bedrooms renting for $1700-$2300 per month. This is a great income producing property for a seasoned investor or owner-occupant looking to offset their living expenses. Prime location that's walking distance to public transportation, art galleries, shops, restaurants, cafes and much more! The property was originally two separate parcels that were combined to make one large multi family spanning over 3300 square feet. The home was fully gutted, designed by an architect (drawings/plans available upon request) and constructed in 2017. Construction included a Brand New roof, new electrical, new plumbing, HVAC, framing, flooring, windows and doors. There's still 3 years remaining on the Tax Abatement. The property is ADA compliant and all utilities are separated. The home is approved for a pilot house and roof deck (approved drawings/plans available upon request) which would add more value to this already perfect property. Everything about this property was well thought out from the bike room to the extra wide stairways making it easy for tenants to move furniture in and out. The owners used the property as a live & work space with the first floor being an art gallery, second floor an art studio and the third floor as their primary residence. Schedule your showing today and don't miss out on the opportunity to own this very special property.
Property Type(s):
Multi Family
| Last Updated | 11/28/2024 | Year Built | 1900 |
|---|---|---|---|
| Community | 19122 (19122) | County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Price History
| Prior to Jul 29, '24 | $895,000 |
|---|---|
| Jul 29, '24 - Oct 19, '24 | $824,995 |
| Oct 19, '24 - Nov 28, '24 | $769,000 |
| Nov 28, '24 - Today | $695,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19122 (19122) |
| BASEMENT | Full, Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 28.00 x 41.00 |
| SEWER | Public Sewer |
| STYLE | Traditional |
| TAXES | 8869 |
| WATER | Public |
Location
Listing provided by OCF Realty LLC - Philadelphia
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Data last updated: 1/10/25 4:03 AM PST
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