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1809 Pine St, Philadelphia, PA 19103

$1,990,000
: 5,654
SqFt

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List Price: $1,990,000
Days on Market: 2
Status: ACTIVE
MLS#: PAPH2682834
Living Area: 5,654
Lot Size (Acres): 0.05
Style: Other
Year Built: 1890
County: Philadelphia
School District: Philadelphia City

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Property Description

Turnkey income in one of Philadelphia’s most in-demand neighborhoods. 1809 Pine Street is a fully leased, updated 7-unit apartment building with parking just steps from Rittenhouse Square. A rare chance to own a stabilized asset on one of Center City’s most beautiful tree-lined blocks. The heavy lifting is done. The building has been thoughtfully updated and impeccably maintained, and every unit is leased through mid 2027. A new owner can step in with in-place cash flow and no lease-up risk. There are 2 parking spaces in addition to 7 one bed, one bath apartments. All have central air, some with in-unit laundry. The top floor includes a roof deck, and all have a basement storage locker. The building has separate utilities, and current fire and lead certs. Location is first rate. Residents are a short walk from Rittenhouse Square, Fitler Square, Schuylkill River Trail, Walnut Street shopping and dining, and easy access to University City and the major hospital and university employers. Rent roll, expenses and lease details available to qualified buyers upon request. All showings by appointment only.

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Additional Information

Area: 19103 (19103)
Subdivision: Rittenhouse Square
School District: Philadelphia City
Fireplaces: 5
Flooring: Tile, Hardwood
Exterior Features: Roof Deck
Heating: Radiator(s)
Cooling: Central Air, Window/Wall
Water: Public
Sewer: Public Sewer
Basement: Full, Unfinished