Patterson-Schwartz Real Estate710-16 S American Street, Philadelphia, PA 19147-3301 $4,750,000
Interior Sq. Ft: 30,250
Acreage: 0.23
Age:124 years
Taxes: $53,924
Subdivision: Queen Village
Design/Type:
Other
Description
Introducing "Bainbridge Lofts" at 710-16 South American Street: a turnkey, stabilized loft apartment building located in the coveted Queen Village submarket of Philadelphia, Pennsylvania. With 13 units and 30 parking spaces in a private, secure garage, Bainbridge Lofts provides residents with the ultimate urban lifestyle rooted in convenience and character. With exposed brick and beam throughout the property, tenants feel instantly at home, tucked away on a quiet, extremely well-maintained street (the property runs from South 3rd Street to American Street) in a location that's walkable to many of the city's top restaurants, cafes, parks and shops. Hardwood floors, stainless steel appliances, quartz countertops, spiral staircases, shaker cabinetry and exposed ductwork lend additional interior appeal, while the redbrick facade provides immediate curb appeal. Assumable financing is in place (subject to lender approval) with a highly-attractive 4.85% interest rate through November 1st 2027, with a 5-year extension option available through 2032. Generational blue-chip multifamily assets such as Bainbridge Lofts rarely come to market due to limited supply in the residential neighborhoods they inhabit. Tangible rental upside exists for new ownership to raise rents via cosmetic enhancements if desired. This could be done on an unobtrusive basis (unit by unit rather than full building) so as to not disturb the existing tenant base. Located just outside of the urban core in a tranquil setting with convenient connections to all of Philly's main arteries and roadways, Bainbridge Lofts is positioned for sustainable demand for decades to come. Buyer responsible to verify taxes, SF and financials in DD. 48hr notice to tour (tenant occupied).
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Central Heating, Wall Unit Heating, Electric, Natural Gas, Central A/C, Wall Unit Cooling, Electric, Natural Gas, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
None
Interior
Hardwood Flooring, Exterior Cameras
Exterior
Masonry
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (104 schools)
Public Middle (21 schools)
Public High (52 schools)
Private (72 schools)
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This report is a detailed community overview for Philadelphia (19147), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 30
- Average salary of people in this community: $73,640
Community Summary
- Population Density (ppl / mile): 23,999
- Household Size (ppl): 2.20
- Households w/ Children: 35%
Housing Inventory
- Owned: 9,584 (48.7%)
- Rented: 7,806 (39.6%)
- Vacant: 2,305 (11.7%)
- Total: 19,695
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.4%
- Some High School: 5.2%
- High School Graduate: 15.3%
- Some College: 9.8%
- Associate Degree: 3.7%
- Bachelor's Degree: 31.7%
- Graduate Degree: 30.0%
Income by dollar range
Median Income: $81,519
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $943
- One Bedroom: $1,172
- Two Bedroom: $1,625
- Three Bedroom: $1,893
- Four Bedroom: $1,219
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Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at
Listing Courtesy of: Keller Williams Liberty Place , (609) 399-5454, paul@teamoceanside.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 12/23/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
