Philadelphia, PA 19139,5052-54 WALNUT ST
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Philadelphia, PA 19139,5052-54 WALNUT ST
Philadelphia, PA 19139,5052-54 WALNUT ST
Philadelphia, PA 19139,5052-54 WALNUT ST
Philadelphia, PA 19139,5052-54 WALNUT ST

$2,450,000

Est. payment /mo

$2,675,000

8.4%
Est.Price: ?

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5052-54 WALNUT ST Philadelphia, PA 19139

12,000 SqFt

SOLD DATE : 10/08/2021

Key Details

Sold Price $2,450,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $204

Subdivision Walnut Hill

MLS Listing ID PAPH1014072

Style Traditional

Annual Tax Amount $2,800

Tax Year 2021

Property Description

Rare opportunity to acquire an income-producing, turnkey, 16-unit apartment building in prime, West Philadelphia. Located in the Opportunity Zone, this fully-occupied 12,000 Sq Ft building was completely renovated in 2017. The building consists of 16 units featuring (13) one-bedroom units and(3) two-bedroom units. Each apartment features an open floor plan with hardwood flooring, modern kitchens with stainless steel appliances, and a full bathroom. Six of the units offer balconies. A fully finished basement includes a common laundry area and an office space with a full bath. An easy commute to the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University of the Sciences. There are six years remaining on the 10-year tax abatement.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RM-1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Hardwood

Exterior

Exterior Feature Balconies- Multiple

Water Access N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Isela Lares • Compass RE
Bought with Isela Lares • Compass RE

Jason Gareau

Broker

+1(609) 929-4486

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