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Luxury Multi-Family At 716 N 3rd Street, Philadelphia, PA 19123 For Sale

 
716 N 3rd Street, Philadelphia, PA 19123  |  267.238.3513   
0 Bedroom | 0 Bath | Property size: 0 | US$1,495,000
                  
 

 
 

Philadelphia     
716 N 3rd Street

Pending Luxe Certification

This is a rare chance to own 6-unit multi-family property in heart of Northern Liberties. This turnkey investment already has income flowing in and is full of opportunity. The property lies on a charming tree-lined street and features five occupied residential units as well as one commercial space, also currently occupied. The quaint commercial unit has an entrance independent from the rest of the building. The residents' entrance opens to extra-wide hallways and stairs?ideal for tenants to move in and out easily. The showstopper of the building lies on the ground floor, spanning 1400 square feet with maple floors throughout, updated kitchen, washer and dryer, high ceilings, ample closet space, and substantial living- and bedroom areas. With a skylight and large windows, this unit gets plenty of natural light. One of the property's two basements lies directly below this main unit?while this area can offer extra storage for the whole building, it could also be utilized to transform the floor unit into a bi-level. Up the front stairwell, you will find two 900+ square foot lofts occupying the 2nd and 3rd floors, both with ample kitchen and living areas. The rear stairwell is a converted elevator shaft and leads you up to the two rear units, the first of which is an 1100 square foot, 2nd-floor loft-style dwelling overlooking a quiet street to the west. This unit features an enormous bedroom area, plentiful closet space, and washer/dryer. The rear third floor boasts an expansive two bedroom, one bath, bi-level apartment, with a living area on the lower floor and two bedrooms above with a spiral staircase. A separate walkway leading up to this unit adds ease to moving furniture. All four upstairs units feature original hardwood floors, spacious closets and tons of natural light, with a crisp, overall industrial feel. The building includes a second basement, which contains communal laundry and supplementary storage space, as well as gas meters (electric meters are located in the back). Each unit is responsible for their own gas and electric, while the owner is currently responsible for water as well as common area gas and electric. While no improvements are currently needed, there is always potential for an investor to add their own personal touches. The building's prime location is a huge selling point for future tenants. With a Walk Score of 92, the property is centrally located to everything NoLibs has to offer with 95 and the Market-Frankford Line


Coldwell Banker Preferred
| |
Nigel Richards Team
267.238.3513 | 215.923.7600
900633.lead.lag.100721601@leads.leadrouter.com
MLS# 1000270356
Original Source

Property Type: MultiFamily
Listing Category: Purchase

716 N 3rd Street


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