3209 & 3211 BARING STREET

Incredible opportunity to purchase what is known as 'The Veterans Group' Rooming House in Powelton Village.  The offering is for two rooming house buildings containing 17 rooming units (11 in 3209 and 6 in 3211).  The price for both properties is $1.35MM.  The property is currently used to house homeless veterans and will be delivered vacant at settlement.  3209 Baring Street contains approximately 5,649+ SF and 3211 Baring Street contains approximately 2,360+ SF with a combined gross building area (GBA) measuring 8,009± SF located in the Powelton Village Neighborhood of Philadelphia within close proximity to Drexel University.  The subject is situated on a regular-shaped parcel with a total land area of 7,560± SF (0.17 acres) and offers street parking.

3209 Baring Street: The first floor contains a main front entrance room which leads to the common area hallway. The hallway contains (1) half bathroom and (1) full bathroom, and (3) bedrooms. The end of the hallway leads to a common area cafeteria space featuring a seating area with wood hung and base kitchen cabinets with Formica counter tops. Toward the rear of the cafeteria leads to the commercial style kitchen. The cafeteria and kitchen in 3209 Baring Street are used for both the buildings, 3211 Baring Street does not have a cafeteria or kitchen.  The second floor contains (5) bedrooms, (1) half bathroom, (1) full bathroom, and a communal sitting area.  The third floor contains (4) bedrooms, (1) full bathroom, and a communal sitting area.  Each floor contains its own forced air HVAC system.  The basement features the buildings electrical panels, hot water heaters, storage area, and contains a walk-in freezer.  3209 Baring has 12 bedrooms, 3 full bathrooms and 2 half bathrooms and can accommodate 28 beds.

3211 Baring Street:  The first floor contains an open space room, (1) half bathroom, a communal sitting space, computer room with a brick fireplace, and a small office.  The second floor contains (2) bedrooms and (1) full bathroom.  The third floor contains (2) bedrooms and no bathroom.  The basement features the buildings electrical panels, hot water heater, heating system and storage area.  3211 Baring has 4 bedrooms, 1 full bathrooms and 1 half bathroom and can accommodate 11 beds.

3209 and 3211 Baring Street are connected toward the rear of each building.

Please contact listing agent for additional information and to set up a tour.

The manager has listed the unit size as 2360 square feet.