$2,690,000 251 E Girard Avenue Philadelphia, PA

MLS: PAPH822208   Type: Commercial   County: Philadelphia   City: Philadelphia   Area: 19125   Zip: 19125   Style: Apartment Building,Professional     Taxes: $1,474

Mortgage $12,629 /mo



Half Baths

Sqr Footage

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Outstanding investment opportunity in the heart of Fishtown! 6 RENTAL UNITS, 1 ROW HOME AND 3000sq. ft. COMMERCIAL SPACE. Prime location at E. Girard and Marlborough. 251 E. Girard/1200-20 Marlborough (all one parcel and tax number now): commercial space on first level with 42' of commercial corridor frontage. Six rental units on 2nd and 3rd floors. All currently rented at 1100-1995/month. The building has been totally renovated within the last three years both inside and out combining Tax abatement approved and retroactive to 2016 and goes through 2026. The commercial space approximately (2100 sq. ft.)has been completely renovated over the last year and has all mechanicals in place. It is currently rented for $5500/mo triple net. The apartments are one and two bedroom, tile and hardwood floors, lots of light with laundry located in the common area that is the stair well. This is a highly desirable location for both commercial and residential development. 1204 Marlborough: second building in package is row home with separate tax ID, 1006 square feet with back patio area. Pro Forma is attached in documents.

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Price History

8/13/2019 Listed $2,690,000

Accessibility 2+ Access Exits
Business Type Apartment Building, Professional
Cool Fuel None
Exclusions All personal property in residential units and business contents with in commercial space
Historic Y/N N
MLS Area 19125 (19125)
New Construction N
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 349.31
Property SubType Mixed Use
Property Type Commercial Sale
Tax Year 2018
Total Units 7
Vacation Rental Y/N N
Zoning CMX2
Zoning Description Mixed

Interior Features

Central Air Y/N Y
Cooling Central A/C
Electric 150 Amps
Flooring Tile/Brick, Wood, Heavy Duty
Heating Other, Forced Air
Heating Fuel Other, Electric
Heating Y/N Y
Hot Water Other
Utilities Water Available, Electric Available

Exterior Features

Building Area Total 7701.00
Construction Materials Stucco
Inclusions All Appliances In Rental Units.
Lot Dimensions 85X49.35
Lot Features Irregular
Lot Size Acres 0.08
Lot Size Source Assessor
Lot Size Square Feet 3453.00
Navigable Water Y/N N
Sewer Other
Type of Parking None
Water Access Y/N N
Water Oriented Y/N N
Water Source Public
Water View Y/N N
Waterfront Y/N N

Property Schools

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Gallery (25 photos)

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Property vs Zip Code Avg (19125)

Price 2.69M Avg 507K

Sqr Feet 7,701 Avg 8,249

Cost / Sqr Ft $349 Avg $61

Taxes $1,474 Avg $3,992

Acres 0.08 Avg 0.1

Visits 119 Avg 22

Days on Site 35 Avg 129

Walkscore® 92 Avg 92

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Space & Company

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Location & Address

Hannah Angert
2200 Walnut Street
Philadelphia, PA