928 Pine Street Philadelphia, PA 19107
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Attention all investors, this is the asset you have been waiting for! Boasting 9778 square feet in the heart of Washington Square, this double wide, 4 story building has a successful restaurant with a long term lease, 11 residential apartments, and addition land square footage. There is never a vacancy! This is a Blue Chip opportunity for the savvy investor! The storefront is beautiful, has a Fantastic neighborhood presence and is always packed. The apartments are a perfect mix of studios, 1 bedrooms, 2 bedrooms and even a 3 bedroom, 2 bathroom unit. The space is enormous, has mostly separate utilities and features exposed brick walls, intercoms, some newer kitchens and even decks. With a gross income of $225,360.00 and a true 5 cap in the heart of Center City, this one just makes sense. Do not play the market, the bricks are always there. Center City has had a consistent appreciation and has risen 20% in the last 2 years. Rents have been skyrocketing, and there is much upside with this property. Make your move today!
|4 hours ago||Listing updated with changes from the MLS|
|3 weeks ago||Price changed to $3,200,000|
|4 months ago||Price changed to $3,450,000|
|4 months ago||Status changed to Active|
|4 months ago||Price changed to $3,785,000|