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716 N 3rd Street, Philadelphia, PA 19123
$1,350,000
716 N 3rd Street, Philadelphia, PA 19123View this property at 716 N 3rd Street, Philadelphia, PA 19123
716 N 3rd StreetPhiladelphiaPA19123
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Property Description
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
Full Property Details
Full Property Details for 716 N 3rd St
General
- Sold For: $1,350,000
- Taxes: $12,178 (2018)
- Status: Closed
- Type: Multi-Family
- MLS ID: 1000270356
- Added to Site: 2, 226 day(s) ago
Interior
- Interior Features: Store/Office
Rooms
Bedrooms
- Primary Bedroom: Unspecified
Other Rooms
- Laundry: Has Laundry
Parking
- Parking Features: Street
- Parking Type: On Street
Location
- Area: 19123 (19123)
- County: Philadelphia
- Development Name: Northern Liberties
- Subdivision: Northern Liberties
- Cross Streets: Brown
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Heating Type: Gas
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Water/Sewer: 2100
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Stories/Levels: 0
- Square Feet: 7,355
- Living Area: 7,355 Sq. Ft.
- Finished Above Grnd: 7,355 Sq. Ft.
- Year Built: 1919
- Year Built Source: Estimated
- Property Condition: Good
Unit Information
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6
Unit 1
- Unit Description: Unit 1
- Total Bathrooms: 1
Unit 2
- Unit Description: Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Unit Description: Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Unit Description: Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Unit Description: Unit 6
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,200
- Lot Dimensions: 20 x 160
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $203.26
- Annual Heat Cost: $278
- Tax w/Assessment: $870,000
- Tax Amount: $12,178
- Tax Year: 2018
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 29
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Schools
Schools serving 716 N 3rd St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
601 Fairmount Ave, Philadelphia, PA 19123 | K-8 | 0.3 mi | |
550 N Broad St, Philadelphia, PA 19130 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 716 N 3rd St
Date
Details
Price
Change
Source
6/08/2018
Sold
$1,350,000
-9.7%
MLS
3/15/2018
Listed
$1,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
716 N 3rd Street, Philadelphia, PA 19123 (MLS# 1000270356) is a Multi-Family property that was sold at $1,350,000 on June 08, 2018. Want to learn more about 716 N 3rd Street? Do you have questions about finding other Multi-Family real estate for sale in Northern Liberties? You can browse all Northern Liberties real estate or contact a Coldwell Banker agent to request more information.