USAPAPhiladelphiaMt Airy (East)16 E Springer St

16 E Springer St, Home with 0 bedrooms, 0 bathrooms and null parking in PHILADELPHIA PA | Image 1

$750,000

16 E Springer St, Philadelphia, PA

Name: 16 E Springer St, For Sale in PHILADELPHIA - eXp Realty
Brand: Elfant Wissahickon-Chestnut Hill
SKU: PAPH2509682
Price: 750000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 5000 sqft

Garage Yes

Taxes $9,970

Days Active 65

Lot Size

Approx. Age 1890

Avg. Price Per Sqft $150

MLS® Number PAPH2509682

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Beautiful, unique 1880's grain mill building fully renovated and converted into three (3) spacious two-bedroom, one bath apartments with a huge adjoining/attached workshop/warehouse/studio space with driveway. Located in the desirable Mt. Airy neighborhood of Philadelphia, all three apartments are thoughtfully and fully renovated, each featuring the unique exposed original wood beams from the grain mill and many large windows in each unit that give great natural light in every area of the space. Each apartment is approximately 1, 200 SF with open floor plans, in excellently maintained condition, with central HVAC, in-unit private laundry, and wood plank flooring. All utilities are separated - tenants pay HVAC, electric, gas, hot water. The bonus large commercial-grade (owner-occupied) workshop space has massive potential, with an estimated projected rent of at least $1, 500/month. The workspace has a concrete slab floor, high 13' ceiling height, and a large overhead garage door and is very secure. Gross yearly rental income ($72, 000) includes projected garage/studio space rent of $1, 500 per month, making this a fabulous investment or even potentially a mixture of an owner-occupied situation. This is a cash-flow positive property that is in great condition, with all systems (plumbing, electric, etc.) fully replaced and modernized, low maintenance, and easy renting in a top neighborhood with high demand from an excellent rental pool. The perfect opportunity for both new and seasoned investors seeking a stable, income-generating multifamily property in a prime location near a popular commercial strip with a grocery store, restaurant, cafe, retail, and a bakery just a half block away. Truly unlike any other triplex in the area with its original charm that has been lovingly maintained during the current owners' 40+ years of ownership. 24 HOUR NOTICE required for showings due to the property being fully occupied by excellent tenants. All showings through agent.Show Description

MLS® NumberPAPH2509682

Laundry Level

Central VacNo

FireplaceNo

Acreage0.06

Exterior

GarageYes

Approx. Age1890

BasementFull

DrivewayDriveway, Attached Garage

Garage Spaces

HeatForced Air, Natural Gas

A/CCentral A/C, Electric

Heating Fuel

Extras

All Appliances

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