Philadelphia, PA 19145,1853-55 HOFFMAN ST
Philadelphia, PA 19145,1853-55 HOFFMAN ST
Philadelphia, PA 19145,1853-55 HOFFMAN ST
Philadelphia, PA 19145,1853-55 HOFFMAN ST
Philadelphia, PA 19145,1853-55 HOFFMAN ST
Philadelphia, PA 19145,1853-55 HOFFMAN ST
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$930,000

$990,000

6.1%
Est.Price: ?

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Est. payment /mo

3,549 SqFt


SOLD DATE : 09/20/2024

Key Details

Sold Price $930,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 3,549 sqft

Price per Sqft $262

MLS Listing ID PAPH2384854

Sold Date 09/20/24

Originating Board BRIGHT

Year Built 2020

Annual Tax Amount $2,407

Tax Year 2024

Lot Size 920 Sqft

Acres 0.02

Property Description

New Construction Three-Unit Apartment Building For Sale in Downtown Philadelphia. Ideal for Owner-User or as an Investment. The first-floor unit is Approx +/-1,775 sqft, has two levels, and can be used as either commercial or residential space. The second and third-floor units are large 2-bedroom residential apartments with a rooftop terrace. Cap Rate: 8%, with expenses estimated at $5,000 Year and income estimated at $80,400 Year. Locked-in Tax Abatement through October 31, 2030. The seller can sell the property vacant or occupied. Each Unit utilities are metered separately. All units feature modern kitchens with beautiful quartz countertops and large quartz islands, complemented by sleek stainless-steel appliances that enhance the contemporary tone. Unit One, most recently occupied by a community daycare center, is a bi-level unit with 2 private rooms, 1 bathroom (with a soaking tub and attached shower) a kitchen as described above, and access to a private yard. The lower level contains 2 additional private rooms, a large multi purpose room/area and 2 bathrooms, both with large showers. Laundry facilities are also conveniently located on this level. Units 2 and 3 each contain 2 ample-sized bedrooms, 2 full bathrooms (both with soaking tubs and attached showers), and the modern kitchen. The rooftop deck features a panoramic view of the city skyline and is enhanced with stylish light fixtures and speakers, creating the perfect ambiance for relaxation or entertaining guests after sundown. All three units include front-loading washers and dryers, central air, modern kitchens, natural sunlight, and ample closet space. Walking distance to top-rated medical facilities, tech industry hubs, educational institutions, and all city amenities and conveniences. A 10-minute drive to Philly Sports Venues and I-95 with easy access to New York, Delaware, and New Jersey.

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning C2

Interior

Hot Water Electric

Heating Central, Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 481074600

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Leonard Tehrani • Empower Real Estate, LLC
Bought with NON MEMBER • Non Subscribing Office
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