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5400 Walnut Street

PHILADELPHIA, PA 19139
  • $2,000,000
  • STATUS: Active
  • ON SITE: 55 Days
  • ID#: PAPH2115866
UPDATED: 27 min ago
$2,000,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1957
County:

School Ratings & Info

Description

The How Group / Compass Commercial is pleased to present the sale of The Penn Building, located at 5400 Walnut Street in the desirable Walnut Hill section of West Philadelphia. This highly visible 11,160 SF, turnkey investment is situated in an Opportunity Zone and consists of 14 residential units over 1 retail space with an excellent unit mix of (5) studio units, (8) one-bedroom units, and (1) two-bedroom unit. Each apartment features an open floor plan and modern kitchens with stainless steel appliances. High occupancy with strong upside with rents that are approximately $100 to $200 below market. The building also has a finished basement with coin-operated laundry. The ground floor is currently being used as a grocery store with a long-term commercial tenant. Positioned in a high-demand rental area near major educational institutions and health care facilities including the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University of the Sciences. Walk to SEPTA regional rail, bus, West Philadelphia YMCA, and restaurants.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-10T13:03:43.69.
www.locomusings.com/homes/129887040
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5400 Walnut Street PHILADELPHIA, PA 19139

  • Price: $2,000,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 27 min ago
  • ID#: PAPH2115866
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1957
Built
Neighborhood:
19139 (19139)
County:
Philadelphia
Area:
19139 (19139)
School District:
The School District Of Philadelphia
Property Description
The How Group / Compass Commercial is pleased to present the sale of The Penn Building, located at 5400 Walnut Street in the desirable Walnut Hill section of West Philadelphia. This highly visible 11,160 SF, turnkey investment is situated in an Opportunity Zone and consists of 14 residential units over 1 retail space with an excellent unit mix of (5) studio units, (8) one-bedroom units, and (1) two-bedroom unit. Each apartment features an open floor plan and modern kitchens with stainless steel appliances. High occupancy with strong upside with rents that are approximately $100 to $200 below market. The building also has a finished basement with coin-operated laundry. The ground floor is currently being used as a grocery store with a long-term commercial tenant. Positioned in a high-demand rental area near major educational institutions and health care facilities including the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University of the Sciences. Walk to SEPTA regional rail, bus, West Philadelphia YMCA, and restaurants.
Exterior Features

Construction Materials Masonry Garage YN No Location Type Corner Lot/Unit Parking Types On Street Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 11160.00 Cooling Window Unit(S) Heating Hot Water Heating YN Yes Net Square Feet 11160.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Apartment BuildingHair Salon And SpaHotel/MotelOther/General RetailRestaurant/BarOther Central Air YN No Cooling Fuel Electric Heating Fuel Natural GasElectric Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 801560707244 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Perc Approved Septic Tax Annual Amount 7591.00 Tax Assessment Amount 542300.00 Tax Lot 72 Vacation Rental YN No Water Source Public Year Built Effective 2013 Zoning Cmx2

Listing courtesy of Compass Re.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-10T13:03:43.69.
 
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LoCoMusings | Century 21 Redwood Realty
540 Fort Evans Road Suite 303
Leesburg VA, 20176