Philadelphia, PA 19106,253 N 3RD ST
Philadelphia, PA 19106,253 N 3RD ST
Philadelphia, PA 19106,253 N 3RD ST
Philadelphia, PA 19106,253 N 3RD ST
Philadelphia, PA 19106,253 N 3RD ST
Philadelphia, PA 19106,253 N 3RD ST
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$950,000

$1,000,000

5.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

6,448 SqFt


SOLD DATE : 11/29/2021

Key Details

Sold Price $950,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 6,448 sqft

Price per Sqft $147

Subdivision Old City

MLS Listing ID PAPH2044460

Sold Date 11/29/21

Style Loft with Bedrooms

Abv Grd Liv Area 6,448

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $12,017

Tax Year 2021

Lot Size 1,688 Sqft

Acres 0.04

Lot Dimensions 18.75 x 90.00

Property Description

Searching for an opportunity to own a rare historic mixed-use building in the heart of Old City, within a short walk to Independence Square, Elfreth's Alley, and the iconic shops, art galleries and restaurants of Old City?

This unique mixed-used historically-certified building has been in the owner's family for decades. The family has finally decided to pass the baton to a new owner who loves the neighborhood and will cherish this building as much as they have.

Own a piece of American architectural history and enjoy endless historic character and finishes, including open-concept loft-style designs, soaring ceilings, original hardwood floors, original millwork and ceiling finishes, contemporary exposed ductwork, massive double-hung windows, and an original exposed elevator wheel tastefully incorporated into the overall interior design.

This unique building has been fully-occupied until a few weeks ago when the 3rd floor tenant vacated due to health issues after 23 years. The owners have not marketed the unit for rent because they decided to sell and wanted to give the new owner maximum options. At current asking price, this lucrative property offers an annual return on investment (cap rate) of 5.5% (factoring in the previous rent from the vacated 3rd floor unit).

Please note that the listing agent is a partial owner.

Location

State PA

County Philadelphia

Area 19106 (19106)

Zoning CMX3

Rooms

Basement Unfinished

Interior

Interior Features Floor Plan - Open

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Hardwood

Window Features Double Hung,Transom

Heat Source Natural Gas

Exterior

Water Access N

View Street, Other

Roof Type Unknown

Street Surface Paved

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Loft with Bedrooms

Additional Building Above Grade, Below Grade

Structure Type High,Plaster Walls,Other

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871003850

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Negotiable

Listing Terms Cash, Negotiable

Financing Cash,Negotiable

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jane C Broderson • BHHS Fox & Roach-Haverford
Bought with Karl J Klotzbach • Coldwell Banker Realty
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5202 Presidents Ct, Frederick, MD, 21703, USA

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