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Sold

707 Chestnut St

707 CHESTNUT STREET, PHILADELPHIA, PA 19106

$2,675,000
On behalf of ownership, The TCS Group is pleased to present the exclusive opportunity to acquire the fee simple interest in 707 Chestnut Street -- home to Jefferson Flats, a boutique collection of five well-appointed two-bedroom apartments located in the heart of Center City Philadelphia.

The property also features 4,200 square feet of prime ground-floor retail space, currently leased to an established restaurant operator with a newly extended lease. An additional 4,546 square feet of commercial space spans the second and third floors, offering flexible potential for various future uses.

This offering presents new ownership with a compelling value-add opportunity. With modest upgrades to the building's common areas and light cosmetic enhancements to the residential units, there is strong potential to increase rental income. Moreover, a strategic approach to activating and monetizing the upper-level commercial space can unlock significant additional cash flow for an incoming investor.

10
beds

25,374 Sq.Ft. LIVING AREA

4,984 Sq.Ft. lot

Gaurav Gambhir

Gaurav Gambhir


Features & Amenities

Interior

  • total bedrooms10
  • APPLIANCES Gas Water Heater

Area & Lot

  • Status Sold
  • Living Area25,374 Sq.Ft.
  • Total Area25,374 Sq.Ft.
  • Lot Area4,984 Sq.Ft.
  • MLS® IDPAPH2485058
  • TypeMulti-Family
  • YEAR BUILT1900
  • Architecture StylesOther
  • School DistrictPHILADELPHIA CITY

Exterior

  • water SourcePublic
  • PoolNone
  • parkingNone
  • HEAT TYPENatural Gas, Central
  • AIR CONDITIONINGCentral Air, Gas
  • sewerPublic Sewer
  • SubstructureBrick/Mortar, Block, Concrete Perimeter

Financial

  • Sales Price$2,675,000
  • Real Estate Tax $20,997/yr
  • Zoning CMX5

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Contact Details

Blacklabel™

Phone

(215) 610-0281

Email

[email protected]

Address

107 S 2nd St. #300 Philadelphia, PA 19106

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