Patterson-Schwartz Real Estate711 W Thompson Street, Philadelphia, PA 19122-4300 $895,000
Interior Sq. Ft: 3,360
Acreage: 0.03
Age:124 years
Taxes: $8,869
Design/Type:
End of Row/Townhouse
Description
LOCATION LOCATION LOCATION!!! Discover urban sophistication and modern living in this beautifully renovated legally RM1 zoned multi family (up to 4 units allowed) located in the heart of Olde Kensington, one of Philadelphia's most vibrant neighborhoods. Ideal for investors seeking a turnkey property or homeowners looking for rental income opportunities. Strong rental income potential in a sought-after rental market with the average one to two bedrooms renting for $1700-$2300 per month. This is a great income producing property for a seasoned investor or owner-occupant looking to offset their living expenses. Prime location that’s walking distance to public transportation, art galleries, shops, restaurants, cafes and much more! The property was originally two separate parcels that were combined to make one large multi family spanning over 3300 square feet. The home was fully gutted, designed by an architect (drawings/plans available upon request) and constructed in 2017. Construction included a Brand New roof, new electrical, new plumbing, HVAC, framing, flooring, windows and doors. There’s still 3 years remaining on the Tax Abatement. The property is ADA compliant and all utilities are separated. The home is approved for a pilot house and roof deck (approved drawings/plans available upon request) which would add more value to this already perfect property. Everything about this property was well thought out from the bike room to the extra wide stairways making it easy for tenants to move furniture in and out. The owners used the property as a live & work space with the first floor being an art gallery, second floor an art studio and the third floor as their primary residence. Schedule your showing today and don’t miss out on the opportunity to own this very special property.
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: 2.5 % Of Gross
Basement: Y
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Other
Interior
Full Basement, Accessibility - 2+ Access Exits, Accessibility - Ramp - Main Level
Exterior
Brick/Mortar Foundation, Masonry
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (144 schools)
Public Middle (28 schools)
Public High (67 schools)
Private (98 schools)
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This report is a detailed community overview for Philadelphia (19122), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 29
- Average salary of people in this community: $37,204
Community Summary
- Population Density (ppl / mile): 17,071
- Household Size (ppl): 2.69
- Households w/ Children: 54%
Housing Inventory
- Owned: 2,868 (36.2%)
- Rented: 3,795 (47.8%)
- Vacant: 1,270 (16.0%)
- Total: 7,933
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 9.3%
- Some High School: 12.4%
- High School Graduate: 34.5%
- Some College: 13.6%
- Associate Degree: 4.1%
- Bachelor's Degree: 17.5%
- Graduate Degree: 8.6%
Income by dollar range
Median Income: $37,198
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $712
- One Bedroom: $813
- Two Bedroom: $955
- Three Bedroom: $1,264
- Four Bedroom: $878
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-6038
Listing Courtesy of: OCF Realty LLC - Philadelphia , (215) 735-7368, info@ocfrealty.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 7/03/2024.
