Property
Beds
4
Full Baths
2
1/2 Baths
None
Year Built
1915
Sq.Footage
1,954
Rare South Philly offering at 521–523–525 Mifflin St featuring three separately deeded 16x68 parcels being sold together (Tax IDs: 011415100, 011415200, 011415300). The property includes one existing home and two vacant lots, offering exceptional flexibility for an end user or investor. The conservative After-Renovated Value for 525 Mifflin, the house, is $675k+, and pricing for the new construction on 521 & 523 is $725k+ for a total of $2,125,000 or more after you've completed the renovations & new build. Rent out the house while you build for about $2200/mo, and once done, if you choose to renovate and rent, ARV rents are $2800/mo or more. This parcel is ideal for creating an urban compound with an oversized residence and expansive outdoor space, or for a development play while generating immediate cash flow. The home at 525 Mifflin is a large 4-bed, 2-bath property that was formerly configured as a multifamily. It now offers generous living spaces, including a spacious second-floor laundry room and a deep basement that is plumbed for a full bath. The basement also features a full-size window and provides full-height access to the side of the home. The kitchen includes stainless steel appliances, ample cabinetry, and a breakfast bar that opens to the living and dining areas for easy entertaining. A side deck off the kitchen is perfect for morning coffee or al fresco dining. Additional features include wood floors, recessed lighting, original wood banisters, excellent closet space, and a second-floor ensuite bath, plus an additional 2nd-floor bathroom. There is also potential for a future roof deck off the third floor. The home also offers dual-zoned heat and central air, two high-efficiency heaters, and a high-efficiency water heater. There are three electric meters, two panels, and one gas and one water meter. The rear garage is currently used for storage. There is also a person-sized door to the yard and an electronic overhead door that provides vehicle access to the lots, offering the opportunity to build new homes or create a private outdoor oasis with off-street parking. The location is just 3 blocks from Dickinson Square Park and about a half mile to the shops and restaurants of Passyunk Ave. It offers convenient access to I-95, I-676, and Columbus Blvd retail. The Broad Street Subway at Tasker-Morris is a 15–20 minute walk. This is a truly unique opportunity for an end user, investor, or developer to create something special in one of South Philadelphia’s most desirable neighborhoods.
Features & Amenities
Interior
-
Other Interior Features
Ceiling Fan(s), Recessed Lighting
-
Total Bedrooms
4
-
Bathrooms
2
-
Above Grade Finished Area
1954.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Ceiling Fan(s), Zoned, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air, Zoned
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Other Exterior Features
Storage
-
Parking
Off Street, Garage, Covered, Detached
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.07
-
Lot Size(square feet)
3238.0
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
Traditional
Price
-
Sales Price
$780,000
-
Tax Amount
$11,085
-
Zoning
3 separately deeded lots (one house and 2 vacant lots)- each is zoned for single-family residential housing.
-
Sq. Footage
1, 954
-
Price/SqFt
$399
HOA
-
Association
No
School District
-
Elementary School
VARE-WASHINGTON
-
Middle School
VARE-WASHINGTON
-
High School
FURNESS HORACE
Property Features
-
New Construction
NO
-
Foundation Details
Stone, Brick/Mortar
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
334
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
VARE-WASHINGTON
Middle School
VARE-WASHINGTON
High School
FURNESS HORACE
Listing Courtesy of Stacy L Sanseverino , KW Empower
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Theresa Kehler
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