711 W THOMPSON ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19122
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