1504 Pine St

$1,900,000

$1,900,000

1504 Pine St

Rittenhouse

Sq Ft
5,973
Bedrooms
0
1504 Pine Street Pa 19102 1504 Pine St , United States

This is a gorgeous property, in a fabulous location, It was last available in 1978! Do not miss this opportunity to be the new owner. The legal use is SEVEN (7) Apartments. There are two extra apartments (3R and 4R being kept vacant). These could be combined with 3F to make a wonderful Owner’s unit with 4-5 Bedrooms, 3 full baths and bonus sinks for a “Wet Bar” &/or private “Art Studio”.
This building is good investment and holds possibilities for an owner occupant to ‘live for free’ in the heart of the city, in a very grand European ‘Hotel Particulier” fashion. The 6 additional rents can cover the costs of ownership.
Rents are below market, but most leases are up for renewal/change on 7/31/2022, (subject to 90 Days Notice or automatic one-year Renewals).

NOTES:
1. This is an Estate. There will not be a Seller Disclosure.
2. An Owner/heir and the Property Manager hold PA. REAL ESTATE LICENSES.
3. A Rent Roll is available, Email the Listing Agent. Verify it is current before making an offer, or require copies of the leases within the Purchase Offer.
4. There is the possibility to combine this listing with up to 9 additional Investment Properties. It is a package that took decades to acquire, E-mail the Listing Agent for Details.
5, The Owner will consider a Buyer’s 1031 Tax Free Exchange.
6. Buyers MUST SUPPLY PROOF OF FUNDS along with a description of payment method and preferred Timelines for access to any occupied unit. Buyers may also make an offer, subject to post Agreement Inspections.
7. Same day showings of basements and any VACANT apartments are possible.
7. Walk around to Waverly street to see the Parking Space.

Courtesy of Elizabeth Campion