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Bought with Denise A Frazier • Elite Level Realty
$ 2,200,000
$ 2,100,000 4.8%
1730-32 W GIRARD AVE Philadelphia, PA 19130
10,000 SqFt
UPDATED:
Key Details
Sold Price $2,200,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $220
Subdivision Francisville
MLS Listing ID PAPH2439622
Sold Date 05/05/25
Year Built 1915
Annual Tax Amount $2,399
Tax Year 2024
Lot Size 3,668 Sqft
Acres 0.08
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This ≈10,000-square-foot property spans two separate buildings on a 3,668-square-foot lot, offering twelve fully occupied residential units with one parking spot Each apartment features high-end finishes, including high ceilings, hardwood flooring, central air, and large windows that allow natural light to flood the interiors. The property benefits from six years remaining on its tax abatement and is situated within a Qualified Opportunity Zone, providing potential tax advantages for investors. Additionally, the property presents a value-add component, with a potential 10.81% increase in rental income by adjusting rents to market rates.
1730-32 W Girard Avenue is ideally located with unparalleled access to the cultural and recreational offerings of Fairmount. Residents enjoy proximity to the Schuylkill River Trail, one of Philadelphia's most popular destinations for jogging, biking, and walking, as well as the vibrant restaurants, bars, and shops lining Fairmount Avenue. The property is also well-connected to public transportation, with the Girard Avenue & Ridge Avenue transit stop just steps away, offering easy access to the Broad Street Line and multiple SEPTA routes.
The Fairmount neighborhood is a cultural and residential rental hub, attracting a diverse range of tenants seeking a blend of urban living and community charm. Its proximity to Center City, major universities, and cultural landmarks makes it an ideal location for professionals, students, and families alike.
This offering presents a unique opportunity to acquire a stabilized, high-quality asset in one of Philadelphia's most desirable neighborhoods, with significant upside potential through continued strong rental demand and favorable tax incentives.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM4
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881070103
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
