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118 N 3RD STREET

PHILADELPHIA , PA 19106

MLS#: 1002650636

$1,950,000

Status: Closed
Listing number: 1002650636
Listing provided by: BHHS Fox & Roach-Center City Walnut
Listing agent phone: None
Last update: 2 years ago
Browse Properties
OLD CITY - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1916

Sq.Footage

N/A

118 N 3rd Street is a rarely offered opportunity in the heart of America's most historic square mile. Wow! What a location ! This 4 unit property with commercial first floor unit and 3 upper level residences - is located along one of the City's most bustling commercial corridors in Center City's most in-demand neighborhood, Old City. Unit 1 features 3 levels, 3,848 sq ft, of high visibility commercial / retail space with sophisticated design sensibilities, high ceilings, kitchenette, powder room and rear outdoor space - well-established tenant currently in place. Unit 2 - The Minima Lifestyle Home - offers 1 bed, 1.5 bath, 1,375 sq ft, designed by QB3 Architects w European chef's kitchen w Gaggenau, Mielle, and Liebherr appliances (stunning!!). Unit 3 offers 1 bed / 1 bath, 1,375 sq ft, with open floor plan with beautiful wood flooring (un-be-lieve-able). Unit 4 offers 2 beds, 2 baths with LOTS of light thanks to over-sized skylights, high ceilings, beautiful wood floors, and more. 118 N 3rd is a showcase / "flagship" property - a rare find - in the heart of this wonderful city. Commercial lease terms subject to negotiation. taxes are $385. Sq footage info is estimate. Building had been divided into 4 condos but never used as condos - owner is dissolving the condominium. Owner working for lower tax assessment upon dissolving condominium. Annual income approx $114,000 - more details upon request. Property is currently fully leased-additional information provided upon request.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.01

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Other

Price

  • Sales Price

    $1,950,000

  • Tax Amount

    18247.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

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Location

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Listing Courtesy of Michael R. McCann , BHHS Fox & Roach-Center City Walnut

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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118 N 3rd Street is a rarely offered opportunity in the heart of America's most historic square mile. Wow! What a location ! This 4 unit property with commercial first floor unit and 3 upper level residences - is located along one of the City's most bustling commercial corridors in Center City's most in-demand neighborhood, Old City. Unit 1 features 3 levels, 3,848 sq ft, of high visibility commercial / retail space with sophisticated design sensibilities, high ceilings, kitchenette, powder room and rear outdoor space - well-established tenant currently in place. Unit 2 - The Minima Lifestyle Home - offers 1 bed, 1.5 bath, 1,375 sq ft, designed by QB3 Architects w European chef's kitchen w Gaggenau, Mielle, and Liebherr appliances (stunning!!). Unit 3 offers 1 bed / 1 bath, 1,375 sq ft, with open floor plan with beautiful wood flooring (un-be-lieve-able). Unit 4 offers 2 beds, 2 baths with LOTS of light thanks to over-sized skylights, high ceilings, beautiful wood floors, and more. 118 N 3rd is a showcase / "flagship" property - a rare find - in the heart of this wonderful city. Commercial lease terms subject to negotiation. taxes are $385. Sq footage info is estimate. Building had been divided into 4 condos but never used as condos - owner is dissolving the condominium. Owner working for lower tax assessment upon dissolving condominium. Annual income approx $114,000 - more details upon request. Property is currently fully leased-additional information provided upon request.

118 N 3RD STREET

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