928 PINE STREET

PHILADELPHIA, PA, 19107

$3,450,000

$352 per ft²
$3,450,000
$352 per ft²
Active
Active
 - For Sale
carpenters-square
9,778 ft²
property_type
Multi-family
calendar
Built 1903
Attention all investors, this is the asset you have been waiting for! Boasting 9778 square feet in the heart of Washington Square, this double wide, 4 story building has a successful restaurant with a long term lease, 11 residential apartments, and addition land square footage. There is never a vacancy! This is a Blue Chip opportunity for the savvy investor! The storefront is beautiful, has a Fantastic neighborhood presence and is always packed. The apartments are a perfect mix of studios, 1 bedrooms, 2 bedrooms and even a 3 bedroom, 2 bathroom unit. The space is enormous, has mostly separate utilities and features exposed brick walls, intercoms, some newer kitchens and even decks. With a gross income of $225,360.00 and a true 5 cap in the heart of Center City, this one just makes sense. Do not play the market, the bricks are always there. Center City has had a consistent appreciation and has risen 20% in the last 2 years. Rents have been skyrocketing, and there is much upside with this property. Make your move today!
MLS® ID:
PAPH2116168
Updated:
8/18/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Window Unit(s)
Heating
Baseboard - Electric, Hot Water

Exterior/Building Features

Lot Size
3,525 ft² lot
Architectural Style
Other
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19107 (19107)
Taxes
$25946.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
CMX1

Property History

Date
Event
Price
Value
6/3/22
Price Change
$3,450,000
-8%

Courtesy of Keller Williams Philly

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Data last updated 6:42 PM UTC, 8/18/22

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