Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
1919
Sq.Footage
4,340
Welcome to 267 S 9th Street, a historic quadplex in the Washington Square neighborhood in Center City Philadelphia. The property has been well maintained and is currently fully leased. Comprising four units, one large 1BD 1BA which can be converted into a 2BD 2BA, two additional 1bd 1ba units, and one 2bd 1.5BA units and situated next to Penn Hospital there is never a shortage of tenants. The property presents a unique value add opportunity. New ownership could opt to create a fifth unit by right given the zoning and square footage of the lot, or add light upgrades to the existing units (washer dryers, updated finishes etc.) and increase rents. There is also an option (through a separate transaction) to take over two 80 year leases on parking spaces across the street in a garage. The property has central air and HVAC for each unit, outdoor space for each unit, an exterior fire escape, roof deck, and back yard, as well as a full unfinished basement currently being used for tenant storage and laundry. This is an incredible opportunity to create value in one of Philadelphia's most desirable neighborhoods.
Features & Amenities
Interior
-
Other Interior Features
High Ceilings
-
Total Bedrooms
5
-
Bathrooms
N/A
-
Above Grade Finished Area
4340.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Natural Gas, Hot Water
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Parking
Garage Door Opener
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.05
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Other
Price
-
Sales Price
$1,500,000
-
Tax Amount
14752.0
-
Sq. Footage
4, 340
-
Price/SqFt
$345
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
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Stephen D. Stafford , Keller Williams Philly
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.

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