305 Cherry Street

Philadelphia, PA 19106

$1,155,000
Last Sold Price
Beds
2
Baths
3,973 Sq. Ft.
$291 / Sq. Ft.
3,973
Sq. Ft.
$291
per Sq. Ft.

Description

Nestled on a beautiful and quiet, tree-lined street in the heart of Old City, this unique three story mixed use property is fully occupied and currently grossing $80k + a year. 1st floor- The retail showroom is approximately 1450 sq ft has 14ft ceilings and is currently occupied by Zoomo electric bikes. This space boosts, hardwood floors, exposed beams, an office, access to a rear area, and a full basement with sidewalk access. The 2nd floor is a full floor plate open loft approximately 1425 sq ft...Nestled on a beautiful and quiet, tree-lined street in the heart of Old City, this unique three story mixed use property is fully occupied and currently grossing $80k + a year. 1st floor- The retail showroom is approximately 1450 sq ft has 14ft ceilings and is currently occupied by Zoomo electric bikes. This space boosts, hardwood floors, exposed beams, an office, access to a rear area, and a full basement with sidewalk access. The 2nd floor is a full floor plate open loft approximately 1425 sq ft with 14 ft. ceilings and an open floor plan, new wide-plank wood flooring, double-dome skylights in the living area, large bedroom area with plenty of closet space. Also includes a unique loft area to accommodate a small guest room or other use. The 3rd floor is a similar loft layout approximately 1250 sq ft with new track lighting, a large open kitchen and dining/entertaining/ living space and an elevated loft area . Unit 3 also has access to a private unfinished outdoor roof space with amazing views of the Ben Franklin Bridge and Center City. Properties like this rarely come on the market and this one is truly a gem. Conveniently located within walking distance to many Restaurants, Shopping, as well as that Old city has to offer.
  1. Listed by Jonathan M Tori • Addison Real Estate Company Inc
    P: (215)-735-3020 jmtori@addisonre.com

Property Details for 305 Cherry Street

Tax ID Number
871508280
Ownership
Fee Simple
HOA
No
Structure Type
Interior Row/Townhouse
Style
Straight Thru
Waterfront
No
Garage
No
Cross Street
RACE
LISTING UPDATED: 12/28/2022 02:29 PM

Property Details for 305 Cherry Street

StatusClosed
MLS #PAPH2012348
Days on Market368
Taxes$11,448 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.04 AC / 1,565 SF
CountyPhiladelphia County

Building Information for 305 Cherry Street

Stories-Residences3Year Built1900Building Size-Lot Size0.04 AC / 1,565 SF

Property Information for 305 Cherry Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19106 (19106)
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: 2023
  • Tax Assessed Value: $817,900
  • Year Assessed: 2023
  • Improvement Assessed Value: $654,400
  • City Town Tax: $5,166
  • Land Assessed Value: $163,500
  • Clean Green Assessed: No
  • Land Use Code: Y50
  • Zoning: CMX3
  • Tax Lot: 277
  • School Tax: $6,282
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Water
  • Concessions: Yes
  • Concessions Amount: $5,000
  • Concession Remarks: Sellers Assist
Unit Information
Unit Information
  • Single Room Units Count: 3
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: None
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Finished SQFT: 1450
  • Unit Type Lease Type: Yearly
  • Beds Total: 0
  • Half Baths Count: 1
  • Unit Type Features: High ceilings, full basement
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Finished SQFT: 1425
  • Unit Type Lease Type: Yearly
  • Beds Total: 0
  • Full Baths Count: 1
  • Unit Type Features: 14' ceilings
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Finished SQFT: 1295
  • Unit Type Lease Type: Yearly
  • Beds Total: 0
  • Full Baths Count: 1
  • Unit Type Features: high ceilings, roof access
Financial Information
Expenses
  • Insurance Expense: $1,700
  • Trash Expense: $250
  • Maintenance Expense: $2,500
Financial Information
  • Gross Income: $80,280
  • Income Includes: Apartment Rentals, Shop Rentals
  • Existing Lease Type: Net
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 17.58 x 89.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 906140
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 305 Cherry 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 305 Cherry Street

Taxable ValueLand$163,500Additions$654,400Total$817,900
Tax Record2023$11,449 ($954 / month)
Home Facts
Total Finished SqFt3,974 SqFtAbove Grade Finished SqFt3,974 SqFtStories3Lot Size1,565 SqFtStyleOffice BuildingYear Built1900ZoningCMX3CountyPHILADELPHIAAPN87-1-5082-80

Schools near 305 Cherry Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
McCall Gen George A School
PublicK to 8

Franklin Benjamin High School
Public9 to 12

Constitution High School
Public9 to 12

Parkway-Center City
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.

Neighborhood Map and Transit

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Listing Courtesy of Addison Real Estate Company Inc

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.