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505 S 22ND ST Philadelphia, PA 19146
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Key Details
Sold Price $560,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $280
Subdivision Fitler Square
MLS Listing ID PAPH922362
Sold Date 10/28/20
Style Traditional
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 2,000
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $7,815
Tax Year 2020
Lot Size 689 Sqft
Acres 0.02
Lot Dimensions 13.00 x 53.00
Property Description
Behold, the rare value-add real estate opportunity in the highly coveted Graduate Hospital/Fitler Square section of Philadelphia, Pennsylvania. With approximately 2000 SF of well built space, The Property is ideal for a duplex or single family residence conversion. It's currently set up as a therapist's office with multiple rooms on each floor. The reconstruction of The Property is highly feasible, with an optimal floorplan and plumbing stack already laid out. The Property is zoned RSA5 but configured as a duplex, with 1 unit occupying the 1st floor and finished lower level. The upper unit takes the 2nd and 3rd floors. Lush rear gardens off the 1st floor, and balconies off the 2nd and 3rd floors for private outdoor space on every level. This location is as good as it gets in Philly, straddling 2 of the most desirable residential areas and within a short stroll of Rittenhouse Square and downtown Philly. Also ideal for commuters coming from University City across the South Street Bridge just a few blocks away. Starbucks across the street, Wawa and CVS on the corner. Some of the city's best bars, restaurants, cafes, grocers, shops and parks within a few paces of the front door. Dog park and waterfront easily accessible. The Building is in top condition, under the stewardship of the same Owner for years. And it is a turnkey commercial office building if that's the desired use, with an active variance for the commercial office. However, given the size and location, the best and highest use is a conversion. This is a rare opportunity to flip a house or create an income producing multifamily duplex in between Lombard and South Streets in 19146 and it will not last long, so MAKE YOUR MOVE!
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RSA5
Rooms
Basement Fully Finished
Main Level Bedrooms 4
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
View City
Accessibility None
Garage N
Building
Story 3
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 303094300
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Matthew Lenza • Keller Williams Real Estate - Media