Just Listed in Rittenhouse Square! 1725 Pine Street

    1725 Pine Street
    Philadelphia, PA 19103

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    1725 Pine Street
    Philadelphia, PA 19103
    $2,700,000

      Newly Listed by
    Jeff “City” Block

    Significant renovated Rittenhouse Square 5 unit, income producing property. The owner-occupant of 40 years is an interior designer who has spared no expense and used the finest workmen to continuously maintain and improve this property over the previous 4 decades. 1725 Pine is a true Trophy Property. It runs street-to-street and includes the main building with 4 units and a separate Carriage House with nice-sized GARAGE. In between are two private brick patios, including an enchanting landscaped garden that connects the largest residence (current owner’s unit) with the garage parking (or the parking can be used with the carriage house). All separate utilities. Each unit with its own HVAC. All 5 units renovated and updated yet retain lovely character with both original and repurposed features. The owner has always rented these units herself, and the RENTS are UNDER MARKET. With conservative projected rents, the monthly income could be at least $20,000/year higher (or higher based on recent improvements not reflected in the current rents). The 1st floor is a 3 bedroom plus den, 2 bath bi-level OWNER’S UNIT with private garden and direct access to the private garage. High ceilings, lovely character. Just a truly warm and wonderful renovated residence. (If even a larger owner’s unit was desired, the 1st Floor could be readily connected to the 2nd Floor Rear to create an awesome 5BR/3.5bath space). 2nd Floor Rear offers 2 bedrooms/1.5 bath, open and renovated kitchen, hardwood floors, and a private deck. 2nd Floor Front and 3rd Floor Front are both spacious 1 bedrooms with high ceilings and huge south-facing windows. BONUS 6th UNIT: The 4th floor is a 1 bedroom (that current owner uses as a guest suite for visiting family. It would also make the perfect owner’s office space. It is otherwise fully primed to be combined with 3F to create a 2BR/2bth and further increase rents). The Carriage House is a separate 1 bedroom residence with private garden (separate from owner’s garden). 1725 Pine includes so many other upgrades including new custom made, energy efficient, sound attenuating historical windows on the entire facade (approved by Historic Commission). A rare opportunity to own such a spectacular building. With a 99 WalkScore, 2 blocks from Rittenhouse Square, this important property enjoys an A+ location.

    Click here to view the full listing at cityblockteam.com.

    For more information or questions about this home or any Center City Real Estate; whether selling, buying, or even if just curious, contact the City Block Team and you will have instant access to the premier, award winning Center City Real Estate Team.

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    Jeff “City” Block, Esquire, Associate Broker
    Jeff@Jeffcityblock.com

    City Block Team/Berkshire Hathaway HomeServices Fox & Roach, REALTORS

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