Philadelphia, PA 19130 1629 Swain Street

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Presented By: RE/MAX One Realty - TCDT
  • MLS# PAPH2382810
  • 08/05/2024
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  • Beds • 4

Home Details

This bright and beautiful fully-occupied triplex has 3 luxury apartments - 1 on each floor. The property was originally designed and constructed by an experienced builder with the intent of selling them as luxury condo units, so the finishes and quality of construction exceeds most multifamily properties in the area. Each unit features central AC, in-unit laundry, gas cooking, dishwasher, and large bedrooms with full closets. The units have open concept floorplans with the ultra modern kitchens and breakfast bars overlooking the large living room/dining room areas. The units also feature video intercoms connected to the camera at the building's front door. The first floor unit(#1) has a private outdoor patio, perfect for pet owners. The top floor unit(#3) has a fiberglass roof deck that spans the entire footprint of the building and has unobstructed 360-degree views! The roof deck was just recently recoated and repainted. The property is located in the heart of the rapidly developing/appreciating Francisville neighborhood and just one block from the corridor of restaurants/coffee shops/retail that Fairmount Avenue has to offer. The location has a WalkScore of 90 and is conveniently located < 3 blocks away from the Broad Street Line and Indego Bike station. The units all have long-term tenants paying market rents - a full rent roll is available in the 'documents' tab of the MLS listing. The leases all have built-in rent increases at renewal, additional pet rents, and monthly water/sewer fees paid by the tenants. Oh, and 3+ years remaining on the TAX ABATEMENT!
Presented By: RE/MAX One Realty - TCDT

Interior Features for 1629 Swain Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
BasementFull
Basement (Y/N)Yes
Central Air Y/NYes
FlooringHardwood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Window FeaturesEnergy Efficient

General for 1629 Swain Street

Acceptable FinancingCash, Conventional, Variable
AccessibilityNone
AppliancesBuilt-In Microwave, Dishwasher, Dryer, Oven/Range - Gas, Stainless Steel Appliances, Washer
Architectural StyleTraditional
Cap Rate5.69
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsHeading south on 17th St., turn left onto Swain St. after crossing Brown St. Property will be on your left.
ExclusionsAll Tenants' Furniture & Personal Belongings
Garage Y/NNo
Gross Income75420.00
HeatingCentral
Lease TypeYearly
Lot Size Square Feet1080.00
Lot Size UnitsSquare Feet
MLS Area19130 (19130)
ModificationTimestamp2025-03-26T16:39:33
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
NumberOfUnitsVacant
One Bedroom Units Count2
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnershipFee Simple
Patio/Porch FeaturesDeck(s), Balconies- Multiple, Patio(s), Roof
PossessionSettlement
Price Per Sq Ft Total AG305.56
Property ConditionVery Good
Property SubtypeTriplex
Property TypeMulti-Family
RoofFiberglass
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
Security FeaturesIntercom, Sprinkler System - Indoor, Window Grills, Fire Detection System
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Subdivision NameFRANCISVILLE
Tax Annual Amount2800.0
Tax Assessed Value200000.0
Tax Lot103
Tax Year2025
Total SQFT3600
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2017
Year Built SourceAssessor
ZoningRM1

Exterior for 1629 Swain Street

Exterior AmenitiesRoof Deck
Foundation DetailsConcrete Perimeter
InclusionsKitchen Refrigerators, Washers, & Dryers, All Window Blinds
Land Assessed Value200000.00
Land Use CodeW50
Lot Dimensions18.00 x 60.00
Lot Size Acres0.02
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $1,100,000
MLS#PAPH2382810
List Date 08/05/2024
Property Type Multi-Family
Phone 703.929.4729
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