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111 W NORRIS ST Philadelphia, PA 19122
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2469818
Originating Board BRIGHT
Year Built 1940
Available Date 2025-04-15
Annual Tax Amount $3,820
Tax Year 2024
Lot Dimensions 109.00 x 26.00
Property Sub-Type Five Or More Units
Property Description
Location Location Location!!! Welcome to Patrick Flats, a stunning custom loft in heart of Fishtown / Norris Square. Beautiful, large, naturally lit, open spaces with new interior finishes, new roof, original refinished floors, & filled with awesome tenants. Are you are looking for something in your investment portfolio that "cash flies"?? That's right, Patrick Flats is beyond cash flow, this building CASH FLIES!!! Offering more that $150,000 in annual revenue..with room to grow, priced at a 7 CAP & in the hottest neighborhood Philadelphia has to offer! Walk to everything; Frankford Ave, Berks St SEPTA, ReAnimator Coffee, Stateside, Evil Genius, Loco Pez, Phila Brewing Co, Honeygrow, Suraya, The International, Kalaya Thai, LMNO, Riverwards Market, Buzz Cafe, Palmer Park, Konrad Square, and so on and so on! Don't trust Wall Street with your money, trust Norris Street!! 100% Occupied with under market rents, this is your opportunity to make the investment of a lifetime as a result of just plain great timing! All six spaces offer Stainless steel appliances, dishwasher, butcher block counters, in unit washer / dryer, central air, gas heat/hot water, along with hydronic radiant heated floors for the most efficient and comfortable conditioned space. Patrick Flats was crafted by Internationally Awarded design-build firm Onion Flats as an adaptive reuse that has become one of the nicest boutique buildings in Philadelphia. These units are true lofts & deliver living / working space way beyond the generic vanilla boxes being “thrown up” all over the City. This is why we have been 100% occupied since gaining our Certificate Of Occupancy!
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning IRMX
Interior
Hot Water Natural Gas
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 884591620
Ownership Other
Special Listing Condition Standard
Listed by John D McDonald • Keller Williams Main Line