1324-00 LOCUST ST #1422 Philadelphia, PA 19107
UPDATED:
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 319 sqft
Price per Sqft $313
Subdivision Center City
MLS Listing ID PAPH2541758
Style Other
Full Baths 1
Condo Fees $520/mo
HOA Y/N N
Abv Grd Liv Area 319
Year Built 1900
Annual Tax Amount $1,287
Tax Year 2025
Lot Dimensions 0.00 x 0.00
Property Sub-Type Condo/Co-op
Source BRIGHT
Property Description
Add a turnkey, low-maintenance asset to your portfolio in the beautifully renovated Arts Condominium, ideally positioned on Philadelphia's iconic Avenue of the Arts. This well-maintained studio condo offers strong rental appeal for medical, university, and Center City professionals seeking convenience, security, and all-in living.
Current income profile: the unit is newly occupied with rent at $980/month + $120 utilities = $1,100/month total collected.
Investors will appreciate one of the building's biggest value drivers: the monthly condo fee includes all utilities and core services, covering electric, gas, water, sewer, heat, A/C, DirectTV, trash removal, pest control, fitness center access, and common area maintenance—simplifying monthly budgeting and enhancing tenant retention.
Inside, the unit features high ceilings, abundant natural light, and sweeping skyline and river views, a combination that consistently performs well in the rental market.
Full-service building amenities support long-term desirability and hands-off ownership, including a newly remodeled Art Deco grand lobby, 24-hour concierge, controlled access, fitness center, laundry facilities, new elevators, and professional on-site management.
Location is the demand engine. The condo sits steps from major employment and education hubs including Jefferson Hospital, Pennsylvania Hospital, Thomas Jefferson University, and the city's arts and entertainment anchors like the Kimmel Center, Merriam Theater, and the Academy of Music, plus quick access to Rittenhouse Square, dining, shopping, and multiple public transit options.
Whether you're targeting stable occupancy, a Center City rental, or a plug-and-play holding, Unit #1422 offers an efficient path to owning in one of Philadelphia's most recognizable buildings. Schedule a private showing today.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX5
Interior
Hot Water Natural Gas
Heating Radiant
Cooling Central A/C
Equipment Cooktop, Refrigerator
Furnishings No
Fireplace N
Appliance Cooktop, Refrigerator
Heat Source Other
Laundry Common
Exterior
Amenities Available Bar/Lounge, Elevator, Exercise Room, Fitness Center, Laundry Facilities, Meeting Room
Water Access N
View City
Accessibility Elevator
Garage N
Building
Story 1
Above Ground Finished SqFt 319
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Pets Allowed Y
HOA Fee Include High Speed Internet,Electricity,Health Club,Heat,Common Area Maintenance,Trash,Sewer,Water
Senior Community No
Tax ID 888115872
Ownership Condominium
SqFt Source 319
Security Features 24 hour security,Desk in Lobby
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Allowed Pet Addendum/Deposit, Size/Weight Restriction, Number Limit, Breed Restrictions
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849