1707 Mount Vernon Street
Philadelphia, PA, 19130 $ 1,295,000
Bedrooms9 Baths0.0 Monthly Estimate*
$ 8,607
for $1,295,000 with 9 bedrooms. This home was built in 1920 on a lot size of 0.06.
Select Commercial Advisors is pleased to present the opportunity to acquire 1707 Mount Vernon Street, a well-maintained, professionally-managed, income-producing 5-unit multifamily property located in the heart of the Art Museum/Fairmount district, one of Philadelphia's most desirable and established neighborhoods. Excellent for a 1031 exchange. This rare investment opportunity seamlessly blends history, charm, and value. The spacious, well-designed layouts with multiple private outdoor spaces and stunning original character make this property a standout choice for tenants seeking a unique and comfortable living experience. With approx. 6,768 square feet of building area, composed of 4 x two-bedroom units and 1 x one-bedroom unit, the average unit size is much larger than comparable properties in the area. Situated on a tree-lined block in a vibrant neighborhood, this property is surrounded by culture and amenities, including the Philadelphia Museum of Art, Franklin Institute, Eastern State Penitentiary, plentiful shops, cafes, restaurants, schools, parks, ample public transit such as 30th Street Station, multiple SEPTA bus routes, the Broad Street Line, and more. Gross income is $106,068 annually. Increase rents with minimal cosmetic upgrades. Don't miss the opportunity to own a piece of Philadelphia history while securing a smart investment for the future. Inquire for full offering memorandum and showings.
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FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N N
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GeneralSewer Public Sewer
Heating Forced Air
Cooling Other
Possession Immediate
Zoning RM1
Architectural Style Art Deco
Construction Materials Masonry
Year Built 1920
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Subdivision Name FAIRMOUNT
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status PENDING
Directions Google Maps
City PHILADELPHIA
Buyer Agent Compensation 3
NumberOfUnitsTotal 4
MLS Area 19130 (19130)
Lot Size Units Square Feet
Lot Size Square Feet 2700.00
Waterfront Y/N N
Number of Units Leased 5
Street Name MOUNT VERNON
Tax Annual Amount 11637.0
Two Bedroom 4
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total 191.34
Vacation Rental Y/N N
Days on Market 162
Lease Type Yearly
Standard Status Pending
Year Built Source Assessor
Tax Lot 133
Total Actual Rent 106068.00
Buyer Agent Compensation Type % Of Gross
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ExteriorPool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Stone
Water View Y/N N
Lot Dimensions 36.00 x 75.00
Lot Size Acres 0.06
Lot Size Source Assessor
Land Assessed Value 83140.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList BySelect Commercial AdvisorsBroker
samantha@select-ca.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,607
- Monthly Property Taxes
- $970
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Philadelphia, PA
Average List Price $550,675
Percent of Sale Price 57%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
12/20/2023 | $1,295,000 | | Listed Price |