School District: The School District Of Philadelphia
Address: 1725 PINE ST
Neighborhood: Rittenhouse Square
If you are looking for a Blue Chip Investment in the Best neighborhood in Philadelphia, you have found it!! This beautifully renovated and incoming producing Rittenhouse Square Multi-Unit Mansion has it all. The previous owner-occupant of 40 years was an interior designer who spared no expense and used the finest workmen to continuously maintain and improve this property over the last 4 decades. This is a true Trophy Property. It runs street-to-street and includes the main building with 4 units plus an additional unit which could be used for an AirBnB (not zoned) and a separate Carriage House with an over sized 1 car GARAGE. In-between the 2 buildings is a private brick patio, including an enchanting landscaped garden with a fountain and fireplace that connects the largest residence with the garage parking. All utilities in both building are separate except water. All 5 apartments have been recently renovated and updated, yet they retain lovely character with both original and re-purposed features. Current rents are way UNDER MARKET. With conservative projected rents, the monthly income could be at least $20,000/year higher. The 1st floor is a 3 bedroom plus den, 2 bath bi-level apartment with a private garden and direct access to garage parking. High ceilings, tons of natural light and lovely character is emphasized in this apartment; truly a warm and wonderful space. The 2nd floor rear apartment is bi level, offering 2 bedrooms, 1.5 bathrooms, an open and renovated kitchen, hardwood floors, and a private deck. 2nd Floor Front and 3rd Floor Front are both spacious 1 bedroom apartments with high ceilings and huge south-facing windows. The 4th floor offers a bonus studio apartment that could easily be combined with 1 of the lower units to create a larger unit and a larger revenue stream or it could be used as a guest suite or AirBnB; your choice! The Carriage House is an adorable, separate 1 bedroom residence with a private patio (separate from owner's garden). This Rittenhouse Square abode includes so many other upgrades including new custom made, energy efficient, sound attenuating historical windows on the entire facade, handsome front planters, and art work throughout. This home offers a rare opportunity to own a spectacular building in the finest location, with Great cash flow. Do not hesitate, pictures do not lie! Diversify the stock account and purchase an asset with a premium upside!!
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 5th March, 2021 7:06 AM