Property

Philadelphia, PA 19130 1926 Spring Garden Street

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Presented By: KW Empower
  • MLS# PAPH2346784
  • 07/11/2024
  • Request Tour
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  • SQFT • 5,500

Home Details

Welcome to a rare opportunity to own a piece of history in one of Philadelphia's most sought-after neighborhoods! This six-unit historic condo building exudes charm and character, offering a unique blend of historic architecture, modern amenities, and a prime location. Nestled in the vibrant Art Museum area, this property enjoys proximity to world-class museums, iconic landmarks such as the Philadelphia Museum of Art and the Barnes Foundation, trendy restaurants, cafes, and boutique shops. With easy access to public transportation and major highways, residents enjoy the convenience of city living at its finest. Built with timeless elegance, this historic condo building pays homage to its storied past. Each unit within the building offers a unique living experience, with spacious layouts and abundant natural light. Modern conveniences abound, including fully equipped kitchens with stainless steel appliances, cozy living areas, and in-unit washer/dryer for added convenience. This building is more than half occupied , providing an immediate source of rental income for investors or a solution for those seeking to enjoy the benefits of city living. Annual income capacity 120-130K. Also, each unit is deeded separately as a condominium but are currently being rented. Tenants relish in the charm of their individual units while indulging in the vibrant neighborhood atmosphere. The top floor unit presents an exciting opportunity for additional income as an Airbnb rental. With its prime location and well-appointed amenities, this unit offers guests a comfortable retreat in the heart of Philadelphia's cultural hub, making it a lucrative investment opportunity for savvy buyers. Residents of the building enjoy access to a beautiful quaint shared courtyard, perfect for outdoor gatherings, al fresco dining, or simply enjoying a bit of tranquility. Current rental income from the occupied units provides a stable foundation for investors, with the potential for increased revenue through short-term rentals or future appreciation in property value. Schedule your private showing today and discover the timeless allure of this historic condo building in the heart of the Art Museum area. Whether you're seeking an investment opportunity or a place to call home, this property offers the best of Philadelphia living.
Presented By: KW Empower

Interior Features for 1926 Spring Garden Street

Other Interior Features

Central Air Y/NYes
FlooringHardwood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterMulti-tank
Total Stories3

General for 1926 Spring Garden Street

Acceptable FinancingCash, Conventional, FHA, FHA 203(k), Private
AccessibilityNone
Association Recreation FeeN
Business TypeApartment Building
CityPHILADELPHIA
Construction MaterialsBrick, Masonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsFollow 20th Street from Ben Franklin Parkway to Spring Garden Street and the property is on the corner of 20th and Spring Garden
DisclosuresOwner RE Licensee, Rental Permits, Sell Entirely
HeatingHeat Pump(s)
Historic Y/NYes
Lease Considered Y/NNo
Lot Size Square Feet500.00
Lot Size UnitsSquare Feet
MLS Area19130 (19130)
ModificationTimestamp2024-08-23T12:50:53
MunicipalityPHILADELPHIA
New ConstructionNo
NumberOfUnitsTotal6
Percent OwnershipFee Simple
PossessionNegotiable
Possible UseApartment Building, Investment, Multi-Family
Price Per Sq Ft Total AG289.09
Property ConditionGood
Property SubTypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameART MUSEUM AREA
Tax Annual Amount21930.0
Tax Assessed Value1798200.0
Tax Year2023
UtilitiesElectric Available, Natural Gas Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceEstimated
ZoningRM1
Zoning DescriptionAll units are deeded separately as condos. There is no single tax ID number as all condos have individual numbers.

Exterior for 1926 Spring Garden Street

Building Area Total5500.00
Car Parking Spaces1
InclusionsSecurity system Unit A, dishwasher, electric range. microwave, refrigerator, washer, dryer Unit B, dishwasher, electric range, microwave, refrigerator, washer, dryer Unit C, dishwasher, electric range, microwave, r
Land Use Code550
Lot Size Acres0.01
Lot Size SourceEstimated
Navigable Water Y/NNo
Parking FeaturesPrivate
Total Loading Docks0
Total Parking Spaces1
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Anthony Weeks

Associate
Price $1,589,999
MLS#PAPH2346784
List Date 07/11/2024
Property Type Commercial
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