Philadelphia, PA 19122,711 W THOMPSON ST
Philadelphia, PA 19122,711 W THOMPSON ST
Philadelphia, PA 19122,711 W THOMPSON ST
Philadelphia, PA 19122,711 W THOMPSON ST
Philadelphia, PA 19122,711 W THOMPSON ST
Philadelphia, PA 19122,711 W THOMPSON ST
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$ 769,000
Est. payment | /mo

3,360 SqFt


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$ 769,000
Est. payment | /mo
Save

3,360 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $228

MLS Listing ID PAPH2368942

Style Traditional

Abv Grd Liv Area 3,360

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $8,869

Tax Year 2024

Lot Size 1,134 Sqft

Acres 0.03

Lot Dimensions 28.00 x 41.00

Property Description

Great Location and Improved Pricing!!! 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.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM1

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility 2+ Access Exits, Ramp - Main Level

Parking Type Other

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 141453020

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing FHA, Cash, Conventional, VA

Listing Terms FHA, Cash, Conventional, VA

Financing FHA,Cash,Conventional,VA

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Jahlil N Edwards • OCF Realty LLC - Philadelphia
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4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States

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711 W THOMPSON ST