$1,742,000
$1,950,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
1,800 Sqft Lot
SOLD DATE : 01/29/2016
Key Details
Sold Price $1,742,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Subdivision Old City
MLS Listing ID 1002650636
Sold Date 01/29/16
Style Other
HOA Y/N N
Originating Board TREND
Year Built 1916
Annual Tax Amount $18,247
Tax Year 2015
Lot Size 1,800 Sqft
Acres 0.01
Lot Dimensions 18X100
Property Description
118 N 3rd Street is a rarely offered opportunity in the heart of America's most historic square mile. Wow! What a location ! This 4 unit property with commercial first floor unit and 3 upper level residences - is located along one of the City's most bustling commercial corridors in Center City's most in-demand neighborhood, Old City. Unit 1 features 3 levels, 3,848 sq ft, of high visibility commercial / retail space with sophisticated design sensibilities, high ceilings, kitchenette, powder room and rear outdoor space - well-established tenant currently in place. Unit 2 - The Minima Lifestyle Home - offers 1 bed, 1.5 bath, 1,375 sq ft, designed by QB3 Architects w European chef's kitchen w Gaggenau, Mielle, and Liebherr appliances (stunning!!). Unit 3 offers 1 bed / 1 bath, 1,375 sq ft, with open floor plan with beautiful wood flooring (un-be-lieve-able). Unit 4 offers 2 beds, 2 baths with LOTS of light thanks to over-sized skylights, high ceilings, beautiful wood floors, and more. 118 N 3rd is a showcase / "flagship" property - a rare find - in the heart of this wonderful city. Commercial lease terms subject to negotiation. taxes are $385. Sq footage info is estimate. Building had been divided into 4 condos but never used as condos - owner is dissolving the condominium. Owner working for lower tax assessment upon dissolving condominium. Annual income approx $114,000 - more details upon request. Property is currently fully leased-additional information provided upon request.
Location
State PA
County Philadelphia
Area 19106 (19106)
Zoning CMX3
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Heating Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Laundry None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882261900
Ownership Fee Simple
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Bought with Michael R. McCann • BHHS Fox & Roach-Center City Walnut
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "