$350,000
$350,000
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2,464 SqFt
SOLD DATE : 11/08/2024
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,464 sqft
Price per Sqft $142
Subdivision Kensington
MLS Listing ID PAPH2385094
Sold Date 11/08/24
Style Contemporary
Abv Grd Liv Area 2,464
Originating Board BRIGHT
Year Built 1875
Annual Tax Amount $2,879
Tax Year 2024
Lot Size 960 Sqft
Acres 0.02
Lot Dimensions 16.00 x 60.00
Property Description
Zoned for live entertainment, this fantastic mixed-use building is located in the heart of East Kensington! The bar is on 1st floor with a "cold" kitchen, 2 accessible bathrooms, a bar, a pool table, seating, an ice machine, and all the other essentials, like a newer 4-ton HVAC for the bar plus a walk-in refrigerator box, other mechanicals, and storage. Deliveries are a breeze with the basement's exterior Bilco doors. Estimated rental income, if rented out rather than owner-occupied, would be $2500/month. The liquor license is to be sold for an additional fee of $175,000. Upstairs, the 2nd and 3rd Floor (2 bed/2 full bath) rental also has central air, in-unit laundry, and a separate exterior entrance. The unit can also possibly have a roof deck added to the 3rd-floor master bedroom, which has an ensuite bathroom & vaulted ceiling. The estimated rent for a 2-bedroom is $1500 in its current state or $2000 if upgraded. Property to be delivered vacant of business & resident, and all equipment to be sold with the property at no additional cost. Found in the vibrant East Kensington neighborhood at the corner of Coral and Sergeant Streets, this is one you don't want to miss!
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning CMX1
Rooms
Basement Full
Interior
Hot Water Natural Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Mobility Improvements
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Brown Henry
Middle Schools Memphis Street Academy Charter School At J.P. Jones
High Schools Kensington
School District The School District Of Philadelphia
Others
Tax ID 871500700
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Edward J Ellenberg • TCS Management, LLC
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”