Page 16 - 231 Pine St - CMA

Rittenhouse Square
1725 Pine St
Property Status
Active
Transaction Information
Original Listing Price: $2,595,000 Last Asking Price: $2,595,000 PPSF: $432 Listed Date: 11/4/2019 DOM: 453 Listing Brokerage: Keller Williams Philly
Property Information
Property Type: Multi- Family Property Subtype: Fee Simple Baths Full / Half: 0 / 0 Sq. Ft: 6013 Lot Size: 2,628 SF / 0.06 AC Year Built: 1855 Taxes: $31,027 / Yr
If you are looking for a Blue Chip Investment in the Best neighborhood in Philadelphia, you have found it! This beautifully renovated and incoming producing Rittenhouse Square Multi-Unit Mansion has it all. The previous owner- occupant of 40 years was an interior designer who spared no expense and used the finest workmen to continuously maintain and improve this property over the last 4 decades. This is a true Trophy Property. It runs street-to-street and includes the main building with 4 units plus an additional unit which could be used for an AirBnB (not zoned) and a separate Carriage House with an over sized 1 car GARAGE. In-between the 2 buildings is a private brick patio, including an enchanting landscaped garden with a fountain and fireplace that connects the largest residence with the garage parking. All utilities in both building are separate except water. All 5 apartments have been recently renovated and updated, yet they retain lovely character with both original and re-purposed features. Current rents are way UNDER MARKET. With conservative projected rents, the monthly income could be at least $20,000/year higher. The 1st floor is a 3 bedroom plus den, 2 bath bi-level apartment with a private garden and direct access to garage parking. High ceilings, tons of natural light and lovely character is emphasized in this apartment; truly a warm and wonderful
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Compass RE is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
Comparable Property Details
Prepared for Kieran Slevin 3/23/2021