$750,000

1601 Mount Vernon St

PHILADELPHIA PA, 19130

Description

Rare opportunity to renovate a historic building on a corner lot into a state-of-the-art property, currently zoned for up to 5 units. 11' ceilings on the 1st & 2nd floors and a very large rear patio. 1601 Mt. Vernon, once the home of renowned abolitionist and Underground Railroad facilitator Robert Purvis, is a shell with substantial improvements, including meticulously restored front and side facades, (with some first floor facade work remaining to be completed); interior and exterior structural stabilization of the property; newer historically approved windows; new roof and roof drainage system; new attic joists; new roof decking; and a new basement foundation. The property used to have a rear ell, facing 16th Street, which the new buyer will have to rebuild as a new construction addition to the current shell. When complete, you will have 3,800 sq.ft. of livable space plus 600 sq.ft. of lower level space plus attic storage--a premier cornerstone property with up to 5-units. This property would also make a spectacular single family home. Significant amount of new construction on this prime block in the Spring Garden Neighborhood. An easy walk to everything the Art Museum area (Whole Foods, Target, great restaurants and coffee shops) and Center City have to offer. Big south facing windows with skyline views from 3rd floor plus a skylight in the new roof. NOTES--The sale of 1601 Mt Vernon MUST BE APPROVED BY THE COURT as part of an Act 135 conservatorship proceeding. Contact Agent for more details. A curb-cut for parking would require a variance. SHOWING NOTES--When showing (or walking by), the rear ell dimensions are delineated by the dug out rear foundation area. Note how large this building will be with the rear ell and also how large the patio space will remain. Also, the temporary structural walls currently in the property can now be removed as substantial structural support has been added. This structural work includes star bolts, rebuilt chimneys, New attic floor. Please bring a flashlight as there is no electricity. Agent and Buyers must sign liability waiver before entering. ELIGIBLE FOR 10 YEAR TAX ABATEMENT.

Details

MLS#PAPH952736
Listing TypeFor Sale
Sub-TypeResale
Status10000069142
Year1915
Days On Site14

Features

SQ Feet3,800
Units4
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Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19130
Area19130 (19130)
Listing VS Median (in 19130)
Price:
$750,000
low | high
Med:
$239,900
100% of Average
SqFt:
3,800
low | high
Med:
758
100% of Average
$ / SqFt:
$197
low | high
Med:
$316
10.355321020229% of Average
On Site:
14
low | high
Med:
81
17.283950617284% of Average
Listing Updated: November 22, 2020 8:30:13 PM PST
Jeffrey Block LogoMLS Number: PAPH952736
Listing Provided By:
Jeffrey Block  of  Compass Pennsylvania LLC
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