711 West Thompson Street
$695,000
4
2
1
3,360
3,360
$207
Description
Great Location and Improved Pricing! Discover urban sophistication and modern living in this beautifully renovated legally RM1 zoned multi family (up to 4 units allowed) located in the heart of Olde Kensington, one of Philadelphia's most vibrant neighborhoods. Ideal for investors seeking a turnkey property or homeowners looking for rental income opportunities. Strong rental income potential in a sought-after rental market with the average one to two bedrooms renting for $1700-$2300 per month. This...Great Location and Improved Pricing! Discover urban sophistication and modern living in this beautifully renovated legally RM1 zoned multi family (up to 4 units allowed) located in the heart of Olde Kensington, one of Philadelphia's most vibrant neighborhoods. Ideal for investors seeking a turnkey property or homeowners looking for rental income opportunities. Strong rental income potential in a sought-after rental market with the average one to two bedrooms renting for $1700-$2300 per month. This is a great income producing property for a seasoned investor or owner-occupant looking to offset their living expenses. Prime location that’s walking distance to public transportation, art galleries, shops, restaurants, cafes and much more! The property was originally two separate parcels that were combined to make one large multi family spanning over 3300 square feet. The home was fully gutted, designed by an architect (drawings/plans available upon request) and constructed in 2017. Construction included a Brand New roof, new electrical, new plumbing, HVAC, framing, flooring, windows and doors. There’s still 3 years remaining on the Tax Abatement. The property is ADA compliant and all utilities are separated. The home is approved for a pilot house and roof deck (approved drawings/plans available upon request) which would add more value to this already perfect property. Everything about this property was well thought out from the bike room to the extra wide stairways making it easy for tenants to move furniture in and out. The owners used the property as a live & work space with the first floor being an art gallery, second floor an art studio and the third floor as their primary residence. Schedule your showing today and don’t miss out on the opportunity to own this very special property.
- Listed by Jahlil N Edwards • OCF Realty LLC - PhiladelphiaP: (267)-325-7815 jay@ocfrealty.com
Property Details for 711 West Thompson Street
Tax ID Number
141453020
OwnershipFee Simple
Condo Coop AssociationNo
HOANo
Structure TypeEnd of Row/Townhouse
StyleTraditional
Levels/Stories3
WaterfrontNo
LISTING UPDATED: 11/26/2024 03:09 PM
Property Details for 711 West Thompson Street
Status | Active |
---|---|
MLS # | PAPH2369520 |
Days on Market | 162 |
Taxes | $8,869 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential / Fee Simple |
Year Built | 1900 |
Lot Size | 0.03 AC / 1,134 SF |
County | Philadelphia County |
Building Information for 711 West Thompson Street
Stories3Residences-Year Built1900Lot Size0.03 AC / 1,134 SF
Property Information for 711 West Thompson Street
Property History for 711 West Thompson Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 711 West Thompson Street
Taxable ValueLand-Additions-Total-
Tax Record2024$6,023 ($502 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtStories3Lot Size1,134 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900ZoningRM1CountyPHILADELPHIAAPN14-1-4530-20
Schools near 711 West Thompson Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ludlow James R School PublicPK to 8 | ||
Penn Treaty Middle School Public6 to 12 | ||
Bodine William W High School Public9 to 12 | ||
The U School: Innovative Lab 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.
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