Philadelphia, PA 19146,505 S 22ND ST
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Philadelphia, PA 19146,505 S 22ND ST
Philadelphia, PA 19146,505 S 22ND ST
Philadelphia, PA 19146,505 S 22ND ST
Philadelphia, PA 19146,505 S 22ND ST

$560,000

Est. payment /mo

$624,999

10.4%
Est.Price: ?

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505 S 22ND ST Philadelphia, PA 19146

4 Beds

2 Baths

2,000 SqFt

SOLD DATE : 10/28/2020

Key Details

Sold Price $560,000

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $280

Subdivision Fitler Square

MLS Listing ID PAPH922362

Sold Date 10/28/20

Style Traditional

Bedrooms 4

Full Baths 2

HOA Y/N N

Abv Grd Liv Area 2,000

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $7,815

Tax Year 2020

Lot Size 689 Sqft

Acres 0.02

Lot Dimensions 13.00 x 53.00

Property Description

Behold, the rare value-add real estate opportunity in the highly coveted Graduate Hospital/Fitler Square section of Philadelphia, Pennsylvania. With approximately 2000 SF of well built space, The Property is ideal for a duplex or single family residence conversion. It's currently set up as a therapist's office with multiple rooms on each floor. The reconstruction of The Property is highly feasible, with an optimal floorplan and plumbing stack already laid out. The Property is zoned RSA5 but configured as a duplex, with 1 unit occupying the 1st floor and finished lower level. The upper unit takes the 2nd and 3rd floors. Lush rear gardens off the 1st floor, and balconies off the 2nd and 3rd floors for private outdoor space on every level. This location is as good as it gets in Philly, straddling 2 of the most desirable residential areas and within a short stroll of Rittenhouse Square and downtown Philly. Also ideal for commuters coming from University City across the South Street Bridge just a few blocks away. Starbucks across the street, Wawa and CVS on the corner. Some of the city's best bars, restaurants, cafes, grocers, shops and parks within a few paces of the front door. Dog park and waterfront easily accessible. The Building is in top condition, under the stewardship of the same Owner for years. And it is a turnkey commercial office building if that's the desired use, with an active variance for the commercial office. However, given the size and location, the best and highest use is a conversion. This is a rare opportunity to flip a house or create an income producing multifamily duplex in between Lombard and South Streets in 19146 and it will not last long, so MAKE YOUR MOVE!

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning RSA5

Rooms

Basement Fully Finished

Main Level Bedrooms 4

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

View City

Accessibility None

Garage N

Building

Story 3

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Senior Community No

Tax ID 303094300

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ryan J McManus • Compass RE
Bought with Matthew Lenza • Keller Williams Real Estate - Media

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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