Philadelphia, PA 19147 710 S American Street

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Presented By: Keller Williams Liberty Place
  • MLS# PAPH2414086
  • 10/25/2024
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  • Beds • 15

Home Details

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).
Presented By: Keller Williams Liberty Place

Interior Features for 710 S American Street

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceEstimated
Central Air Y/NYes
FlooringHardwood
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterNatural Gas
Total Stories3

General for 710 S American Street

AccessibilityOther
Architectural StyleUnit/Flat
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric, Natural Gas
CoolingCentral A/C, Wall Unit
CountyPHILADELPHIA
DirectionsBETWEEN AMERICAN AND SOUTH 3RD ST, MID-BLOCK.
Garage Y/NNo
HeatingCentral, Wall Unit
Historic Y/NNo
Lot Size Square Feet9924.00
Lot Size UnitsSquare Feet
MLS Area19147 (19147)
ModificationTimestamp2025-02-13T15:18:46
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
One Bedroom Units Count8
Other StructuresAbove Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG152.4
Property ConditionVery Good
Property SubtypeOther
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
Security FeaturesExterior Cameras
SewerPublic Sewer
Single Room Units Count2
Standard StatusActive
StatusACTIVE
Structure TypeOther
Subdivision NameQUEEN VILLAGE
Tax Annual Amount53924.0
Tax Assessed Value3852296.0
Tax Lot460
Tax Year2024
Total SQFT30250
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningRM1

Exterior for 710 S American Street

Land Assessed Value592965.00
Land Use CodeCA0
Lot Dimensions55.00 x 100.00
Lot Size Acres0.23
Lot Size SourceEstimated
LotDimensionsSourceEstimated
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 $4,610,000
MLS#PAPH2414086
List Date 10/25/2024
Property Type Multi-Family
Phone 703.929.4729
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