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Key Details
Sold Price $360,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,290 sqft
Price per Sqft $157
MLS Listing ID PAPH2294304
Sold Date 07/19/24
Style Other
Abv Grd Liv Area 2,290
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $1,969
Tax Year 2022
Lot Size 1,328 Sqft
Acres 0.03
Lot Dimensions 16.00 x 85.00
Property Description
Welcome to 5236 Walnut St, a meticulously renovated 4-unit multifamily gem that seamlessly blends modern sophistication with historic charm. This impressive property comprises three 1-bedroom residential units and one versatile commercial space, making it an ideal investment opportunity for savvy investors or owner-occupants looking to enter the world of real estate.
The commercial storefront, situated at the heart of highly visible Walnut Street, offers a prime location for entrepreneurs and business owners. With tremendous foot traffic, this space provides excellent exposure and endless possibilities for retail, office, or service-oriented ventures.
The location of this building provides extreme accessibility to both University City and Center City neighborhoods, catering to the diverse needs of residents. Commuting is a breeze, and local amenities, restaurants, and cultural attractions are just steps away, enhancing the overall appeal for potential tenants.
Residential units have recently signed new leases or renewed existing contracts allowing this asset to cash flow from day 1 of ownership with additional upside once CMRCL tenant is secured.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX4
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871252150
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Christian Arabia • Long & Foster Real Estate, Inc.
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Bob Gauger
Broker Associate | License ID: 312506
Broker Associate License ID: 312506