1717-19 Mt Vernon st - Apartments FOR SALE


Philadelphia, PA 19130- Fairmount-Art Museum
$1,599,900 USD
215-923-7600
1717-19 Mt Vernon st, Philadelphia, PA for Sale
$1,599,900 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

1717-19 Mt Vernon st
Philadelphia, PA 19130
Fairmount-Art Museum


HIGHLIGHTS

  • Shovel ready, permits in hand
  • Over 4,000/SF

OVERVIEW

Here is your chance to own a mansion that sits on a double lot (40’ x 106’) on a picturesque block in the Art Museum neighborhood of Philadelphia. The owners have already done extensive, years-long, legwork with the city & historical comm. to turn this into an amazing development opportunity. This property is SHOVEL-READY, with permits in hand (start immediately!), to renovate and BUILD 9 LUXURY 2 BED 2 BATH APARTMENTS OR CONDOS. Luxury boutique condos are selling starting around $650/SF! Luxury 2 Bed, 2 Bath, apartments are leasing beginning around close to $3,000/mo. Not interested in developing it? Turn it into your dream home. The existing building consists of over 4,000/SF, 6 bedrooms & 4 bathrooms. Original woodwork, character and details remain throughout the home and need a little TLC & vision in order to bring them back to life. The side lot can make for unparalleled city-living & outdoor space. A carriage house sits on the back of the side lot and can be brought back to life for many different potential-uses. Located just steps away from the neighborhood’s best amenities, including; A Mano, Sabrina’s Cafe, Honeysuckle, Urban Farmer, Jack’s Firehouse, Whole Foods & much more. Easy access to the best museums, public transportation and major roadways make this location highly desirable. Whether you are an INVESTOR, developer or a creative homeowner, don’t miss this rare opportunity! PLANS & PERMITS ARE READILY AVAILABLE UPON REQUEST.

FOR SALE DETAILS

PRICE

$1,599,900 USD

PRICE/SF

$114 USD /SF

# OF UNITS

9

PRICE/UNIT

$177,767

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RM1

APN/PARCEL ID

152060400

ASK ABOUT THIS PROPERTY

Michael ScipioneColdwell Banker RealtyMore Info
215-923-7600

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Michael ScipioneColdwell Banker RealtyMore Info
215-923-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.