1707 Mt Vernon Street

Philadelphia, PA 19130

$1,295,000
Price
9
Beds
6,768 Sq. Ft.
$191 / Sq. Ft.
6,768
Sq. Ft.
$191
per Sq. Ft.

Description

Select Commercial Advisors is pleased to present the opportunity to acquire 1707 Mount Vernon Street, a well-maintained, professionally-managed, income-producing 5-unit multifamily property located in the heart of the Art Museum/Fairmount district, one of Philadelphia's most desirable and established neighborhoods. Excellent for a 1031 exchange. This rare investment opportunity seamlessly blends history, charm, and value. The spacious, well-designed layouts with multiple private outdoor spaces and...Select Commercial Advisors is pleased to present the opportunity to acquire 1707 Mount Vernon Street, a well-maintained, professionally-managed, income-producing 5-unit multifamily property located in the heart of the Art Museum/Fairmount district, one of Philadelphia's most desirable and established neighborhoods. Excellent for a 1031 exchange. This rare investment opportunity seamlessly blends history, charm, and value. The spacious, well-designed layouts with multiple private outdoor spaces and stunning original character make this property a standout choice for tenants seeking a unique and comfortable living experience. With approx. 6,768 square feet of building area, composed of 4 x two-bedroom units and 1 x one-bedroom unit, the average unit size is much larger than comparable properties in the area. Situated on a tree-lined block in a vibrant neighborhood, this property is surrounded by culture and amenities, including the Philadelphia Museum of Art, Franklin Institute, Eastern State Penitentiary, plentiful shops, cafes, restaurants, schools, parks, ample public transit such as 30th Street Station, multiple SEPTA bus routes, the Broad Street Line, and more. Gross income is $106,068 annually. Increase rents with minimal cosmetic upgrades. Don't miss the opportunity to own a piece of Philadelphia history while securing a smart investment for the future. Inquire for full offering memorandum and showings.
  1. Listed by Samantha Lee Miller • Select Commercial Advisors
    P: 2153153326 samantha@select-ca.com
  2. Listed by Piruz Partow • Select Commercial Advisors
    P: 6464361222 piruzpartow@gmail.com

Property Details for 1707 Mt Vernon Street

Tax ID Number
881807550
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Art Deco
Waterfront
No
Garage
No
Expected On Market Date
12-22-2023
Subdivision
FAIRMOUNT

Location

Listing Courtesy of Select Commercial Advisors
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LISTING UPDATED: 01/28/2024 07:51 AM

Property Details for 1707 Mt Vernon Street

StatusActive
MLS #PAPH2306420
Days on Market135
Taxes$11,637 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.06 AC / 2,700 SF
CountyPhiladelphia County

Location

Listing Courtesy of Select Commercial Advisors
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Building Information for 1707 Mt Vernon Street

Stories-Residences4Year Built1920Building Size-Lot Size0.06 AC / 2,700 SF

Payment Calculator

$8,037 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,067

Property Taxes

$970

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1707 Mt Vernon Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19130 (19130)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $831,400
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $748,260
  • City Town Tax: $5,251
  • Land Assessed Value: $83,140
  • Clean Green Assessed: No
  • Land Use Code: CA0
  • Zoning: RM1
  • Tax Lot: 133
  • School Tax: $6,385
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
  • Units Leased Count: 5
  • Number Of Units Vacant: 0
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
Unit 3
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
Unit 4
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
Unit 5
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
Financial Information
Financial Information
  • Annual Rental Income: $106,068
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Year Major Reno Remodel: 2007
  • Building Level Count: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 36.00 x 75.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1382818
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Other
  • Cooling Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent URL: www.select-ca.com

Property History for 1707 Mt Vernon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1707 Mt Vernon Street

Taxable ValueLand$83,140Additions$748,260Total$831,400
Tax Record2023$11,638 ($970 / month)
Home Facts
Total Finished SqFt3,774 SqFtAbove Grade Finished SqFt3,774 SqFtStories3Lot Size2,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRM1CountyPHILADELPHIAAPN88-1-8075-50

Schools near 1707 Mt Vernon Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 5 to 12
Public - 9 to 12
Rating
School
Distance
Waring Laura W School
PublicPK to 8

Franklin Benjamin High School
Public9 to 12

Masterman Julia R Secondary School
Public5 to 12

Franklin LC
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1707 Mt Vernon Street is a multi-family home for sale in Philadelphia, PA 19130. This property was listed for sale on December 22, 2023 by Select Commercial Advisors, it's currently listed at $1,295,000. It has been on the market for a total of 135 days and was last sold on June 28, 2016. This listing's school district is Philadelphia City School District. Nearby schools include Waring Laura W School, Franklin Benjamin High School and Masterman Julia R Secondary School. 1707 Mt Vernon Street is a 9-bed, 0-bath, 6,768 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Select Commercial Advisors

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.