PA > Philadelphia > Queen Village
Philadelphia, PA 19147,710-16 S AMERICAN ST
Philadelphia, PA 19147,710-16 S AMERICAN ST
Philadelphia, PA 19147,710-16 S AMERICAN ST
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$4,750,000
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30,250 SqFt
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710-16 S AMERICAN ST Philadelphia, PA 19147

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Melissa Roswell

Melissa Roswell

+1(856) 904-9502

UPDATED:

09/24/2024 12:43 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 30,250 sqft

Price per Sqft $157

Subdivision Queen Village

MLS Listing ID PAPH2385040

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $53,924

Tax Year 2024

Lot Size 9,924 Sqft

Acres 0.23

Lot Dimensions 55.00 x 100.00

Property 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).

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning RM1

Interior

Hot Water Natural Gas

Heating Central, Wall Unit

Cooling Central A/C, Wall Unit

Flooring Hardwood

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 30.0

Waterfront N

Water Access N

Accessibility Other

Parking Type Private Garage

Total Parking Spaces 30

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881571850

Ownership Fee Simple

SqFt Source Assessor

Security Features Exterior Cameras

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Ryan J McManus • Keller Williams Liberty Place

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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710-16 S AMERICAN ST

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