Philadelphia, PA 19104,1026-28 BELMONT AVE
Philadelphia, PA 19104,1026-28 BELMONT AVE
Philadelphia, PA 19104,1026-28 BELMONT AVE
$400,000
Est. payment /mo
$469,000
14.7%
Est.Price: ?

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2,577 Sqft Lot
SOLD DATE : 06/09/2023

Key Details

Sold Price $400,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont

MLS Listing ID PAPH2149006

Sold Date 06/09/23

Style Other

HOA Y/N N

Originating Board BRIGHT

Year Built 1895

Annual Tax Amount $2,309

Tax Year 2023

Lot Size 2,577 Sqft

Acres 0.06

Lot Dimensions 31.5'x81.8'

Property Description

Rare QOZ Development Opportunity: Priced to Sell, Robust Price Adjustment! West Philadelphia Historic Firehouse, Circa 1895. Convert and polish this extraordinary historic architectural gem into a stunning Custom Residential or Multifamily Structure, a Short Term Rental Facility, Boutique Hotel, a Custom Artisan-Professional Facility, an Atelier, Fine Art Studio, Sound Studio, a Non-Profit, a Learning Center, Community or Organizational Facility. || The 'Parkside Firehouse', as it is affectionally referred to, with its Beau Arts Italianate Renaissance Revival facade was designed by architect John Torrey Windrim, who apparently also had a hand in the Wannamaker building and numerous commercial, public, and municipal buildings and firehouses across Philadelphia. || This is a large building with a 31.5'x74.6' footprint standing as a three-story 6,885 SF unfinished brick shell with a modest backyard. Buyer may elect to add an additional 700 SF or 30% of the floor area as mezzanine loft space on the ground level. The overall 'as-built' lot size is 31.5'x81.8' or 2,577 SF. The structure's south side features a central light well on the upper two levels to illuminate the core of the interior space. An existing curb cut facilitates parking for 2-4 vehicles within the first level. The enclosed horse corral on the front left can be reopened and utilized as the main entrance to receive visitors and guests. || The property is zoned residential RM1 'multifamily' which is suitable for six residential units by code -- based on 'as-built' measures -- and is being offered for sale, 'AS IS, WHERE IS'. || Building Height (Approx): Front 40'; Peak 47'. Ceiling Height: Basement 104" Clearance, First-floor 14.5'; Second-floor 12.5'; Third-floor front 10' Clearance soaring to 16' at the peak and sloping to 7' in the back. The full-depth unfinished basement is 1,754 SF featuring a handsome central arched masonry support spine sporting a 8' double barrel-vaulted ceiling. || This large structure remains an improved shell that renders itself to numerous uses. Recent improvements include new historically approved windows on the facade, a new historically approved cornice, installed basic electric service throughout, replaced water service from the street main to the curb and from the curb to the building, a new roof, and initiated preliminary floor plan carpentry and roughed-in electric on the upper level. || The historic designation principally addresses the facade, not the interior spaces. Notwithstanding these strategic improvements to conserve the structure, this remarkable property essentially stands in shell condition and undoubtedly remains eligible for a Property Tax Abatement. || Furthermore, this development opportunity is located within a Qualified Opportunity Zone and is eligible to roll capital gain investments into real estate within the QOZ guidelines in exchange for favorable capital gains tax benefits for qualified buyers. This property, moreover, is located in the West Philadelphia Empowerment Zone, and finally, it sits in a zone designated for New Market Tax Credits. || This handsome property sits in an area percolating with new activity: Solid traffic counts. Good public transportation east-west and north-south. Easy Access to Parkside West a modern full-service shopping center, Mann Music Performing Arts Center, Children Please Touch Museum, Shofuso Japanese House and Gardens, the Centennial District, Microsoft School of the Future, Belmont Charter School, the Mainline, University City, and finally, the Philadelphia Zoo, and I-76 to King of Prussia, Center City, or the Philadelphia Airport. || This amazing Historic Firehouse property offers a compelling canvas to render your custom residential or business interests. Make it yours! Act promptly, this opportunity will likely move rapidly. Qualified Buyers. Serious Interests Only.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Direction East

Rooms

Basement Full, Unfinished

Interior

Hot Water Electric

Heating None

Cooling None

Fireplace N

Heat Source Electric

Exterior

Parking Features Built In

Garage Spaces 4.0

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available

Water Access N

Roof Type Flat,Pitched

Accessibility None

Attached Garage 4

Total Parking Spaces 4

Garage Y

Building

Lot Description Rear Yard

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Senior Community No

Tax ID 062343200

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Seller Financing, Negotiable, Conventional

Listing Terms Cash, Seller Financing, Negotiable, Conventional

Financing Cash,Seller Financing,Negotiable,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Charles Balducci • Keller Williams Philadelphia
Bought with Charles Balducci • Keller Williams Philadelphia

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Irma Rodriguez

+1(302) 357-1823

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