Address
5052-54 Walnut Street Philadelphia, PA
Price
$ 2,675,000
Property Attributes
  • MLS#PAPH1013928
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19139
  • NeighborhoodWALNUT HILL
  • Zip19139
  • StyleApartment Building
  • Year Built2017
  • Taxes$ 2765
  • Price$ 2,675,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12000
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Compass RE
Data Source:
Bright MLS
Property Description

Rare opportunity to acquire an income-producing, turnkey, 16-unit apartment building in prime, West Philadelphia. Located in the Opportunity Zone, this fully-occupied 12,000 Sq Ft building was completely renovated in 2017. The building consists of 16 units featuring (13) one-bedroom units and(3) two-bedroom units. Each apartment features an open floor plan with hardwood flooring, modern kitchens with stainless steel appliances, and a full bathroom. Six of the units offer balconies. A fully finished basement includes a common laundry area and an office space with a full bath. An easy commute to the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University of the Sciences. There are six years remaining on the 10-year tax abatement.

Price History
5/14/2021 Listed $2,675,000

General Features

Acceptable Financing Cash, Conventional
Accessibility Ramp - Main Level, Accessible Switches/Outlets, Doors - Swing In, No Stairs, Level Entry - Main, Kitchen Mod, Grab Bars Mod, Doors - Lever Handle(s), 2+ Access Exits, 36 + wide Halls
Business Type Apartment Building
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 38
Flooring Hardwood
Heating Forced Air
Location Type Urban
MLS Area 19139 (19139)
Municipality PHILADELPHIA
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 222.92
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Very Good
Security Features Carbon Monoxide Detector(s), Sprinkler System - Indoor, Intercom, Main Entrance Lock, Security System
Sewer Public Sewer
Subdivision Name WALNUT HILL
Tax Annual Amount 2765.0
Tax Lot 179
Tax Year 2021
Total Units 16
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1

Interior Features

Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 12000.00
Lot Dimensions 48.80 x 96.90
Lot Size Acres 0.11
Lot Size Source Assessor
Lot Size Square Feet 4729.00
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19139

Price
AVG $1.15M
$2.68M
Taxes
AVG $4,184
$2,765
Visits
AVG 59
5
Year Built
AVG 1930
2017

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover