Investments Sales Management

517 W GIRARD AVENUE

PHILADELPHIA , PA 19123

MLS#: PAPH883588

$2,500,000

Status: Closed
Listing number: PAPH883588
Listing provided by: BHHS Fox & Roach-Center City Walnut
Listing agent phone: None
Last update: 2 years ago
On site: 5 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1975

Sq.Footage

N/A

Don't miss this amazing turn-key, multi-family + bonus lot investment with huge value- add opportunities! This rarely offered property is situated between three of Philadelphia s most desirable neighborhoods -- FISHTOWN, NORTHERN LIBERTIES, and OLDE KENSINGTON. INCLUDED IN THE DEAL ARE 511,513,515, and 517 W GIRARD AVE + 1209 N RANDOLPH ST. The four buildings have three residential units and one commercial space on the ground floor. The sale also includes a bonus lot that is 1,600 square feet, that's currently being used as gated parking space. These units are currently bringing in $239,580 in gross annual rent, but with minimal investment, they can bring in over $271K. 513 Girard Ave s commercial unit has been recently rehabbed and will be delivered a brand-new vanilla-box, and the restaurant in 517 Girard just signed a 3-year lease. With a good percentage of the apartments already being updated, the recently renovated units feature gorgeous cabinetry, granite countertops, large kitchen sinks, and all necessary appliances. In the bathrooms, you will find modern finishes, including beautiful masonry. All bedrooms have plenty of room, large closets, and lots of natural lighting. Lastly, these units are lined with stunning hardwood floors throughout. The units that have yet to be updated offer the buyer opportunities to add value and raise the rents, increasing overall profit. Please review the offering memorandum for numbers. INCLUDED IN THE DEAL ARE 511,513,515, and 517 W GIRARD AVE + 1209 N RANDOLPH ST!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric, Forced Air

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $2,500,000

  • Tax Amount

    7509.0

  • 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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Listing Courtesy of Jason L Rabinovich , 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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Don't miss this amazing turn-key, multi-family + bonus lot investment with huge value- add opportunities! This rarely offered property is situated between three of Philadelphia s most desirable neighborhoods -- FISHTOWN, NORTHERN LIBERTIES, and OLDE KENSINGTON. INCLUDED IN THE DEAL ARE 511,513,515, and 517 W GIRARD AVE + 1209 N RANDOLPH ST. The four buildings have three residential units and one commercial space on the ground floor. The sale also includes a bonus lot that is 1,600 square feet, that's currently being used as gated parking space. These units are currently bringing in $239,580 in gross annual rent, but with minimal investment, they can bring in over $271K. 513 Girard Ave s commercial unit has been recently rehabbed and will be delivered a brand-new vanilla-box, and the restaurant in 517 Girard just signed a 3-year lease. With a good percentage of the apartments already being updated, the recently renovated units feature gorgeous cabinetry, granite countertops, large kitchen sinks, and all necessary appliances. In the bathrooms, you will find modern finishes, including beautiful masonry. All bedrooms have plenty of room, large closets, and lots of natural lighting. Lastly, these units are lined with stunning hardwood floors throughout. The units that have yet to be updated offer the buyer opportunities to add value and raise the rents, increasing overall profit. Please review the offering memorandum for numbers. INCLUDED IN THE DEAL ARE 511,513,515, and 517 W GIRARD AVE + 1209 N RANDOLPH ST!

517 W GIRARD AVENUE

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