4 S Strawberry St, Philadelphia, PA 19106

$1,200,000
4
BD
3
BA
1,920
SqFt

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List Price
$1,200,000
Status
ACTIVE
Days on Market
17
MLS#
PAPH2663520
Subtype
Residential
Style
Traditional
Year Built
1900
Bedrooms
4
Bathrooms
3
Full Baths
2
Half Baths
1
Living Area
1,920
Lot Size
434
Acres
0.01
Subdivision
Old City
MLS Area Major
19106 (19106)

Property Description

Positioned in the heart of Old City, 4 S Strawberry Street presents a rare Philadelphia investment property combining approved use, flexible configuration, documented operating history, and one of the city's most recognizable tourism locations. The approximately 1,920-square-foot, three-level property features a legal two-unit configuration consisting of a 3-bedroom residence plus a separate studio. Zoned CMX-3, the property has an approved Change of Use to Visitor Accommodations, with the required building approvals and business licensing already in place. For investors focused on the legal short-term rental segment, the approved Visitor Accommodations use and two-unit property configuration give buyers flexibility for future ownership and operating strategies. This Old City Philadelphia investment property is surrounded by the destinations that make the neighborhood one of Philadelphia's most active visitor hubs. Independence Hall, the Liberty Bell, museums, galleries, restaurants, nightlife, Penn's Landing, and the Delaware River waterfront are all part of the surrounding Old City experience. Philadelphia draws 26.6 million visitors annually who spend 4.5 billion dollars, while Independence National Historical Park alone attracts 3 to 5 million visitors. For an investor seeking an income-producing property with location, optionality, and an existing operating track record, that combination is hard to find elsewhere in the city.

Additional Information

Taxes
$7,621
Property Description
Traditional
Zoning
CMX3
Heating
Forced Air
Air Conditioning
Central Air
Levels
Four
Foundation
Slab
School District
The School District Of Philadelphia

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Listing courtesy of SERHANT PENNSYLVANIA LLC. Contact: