710-16 S American St, PHILADELPHIA, PA 19147
Local realty services provided by:Better Homes and Gardens Real Estate Reserve



710-16 S American St,PHILADELPHIA, PA 19147
$4,610,000
- 15 Beds
- - Baths
- 30,250 sq. ft.
- Multi-family
- Active
Listed by:ryan j mcmanus
Office:keller williams liberty place
MLS#:PAPH2414086
Source:BRIGHTMLS
Price summary
- Price:$4,610,000
- Price per sq. ft.:$152.4
About this home
Introducing "Bainbridge Lofts" at 710-16 South American Street: a turnkey, stabilized loft
apartment building located in the coveted Queen Village submarket of Philadelphia,
Pennsylvania. With 13 units and 30 parking spaces in a private, secure garage, Bainbridge
Lofts provides residents with the ultimate urban lifestyle rooted in convenience and character.
With exposed brick and beam throughout the property, tenants feel instantly at home, tucked
away on a quiet, extremely well-maintained street (the property runs from South 3rd Street to
American Street) in a location that's walkable to many of the city's top restaurants, cafes,
parks and shops. Hardwood floors, stainless steel appliances, quartz countertops, spiral
staircases, shaker cabinetry and exposed ductwork lend additional interior appeal, while the
redbrick facade provides immediate curb appeal. Assumable financing is in place (subject to
lender approval) with a highly-attractive 4.85% interest rate through November 1st 2027, with
a 5-year extension option available through 2032. Generational blue-chip multifamily assets
such as Bainbridge Lofts rarely come to market due to limited supply in the residential
neighborhoods they inhabit. Tangible rental upside exists for new ownership to raise rents via
cosmetic enhancements if desired. This could be done on an unobtrusive basis (unit by unit
rather than full building) so as to not disturb the existing tenant base. Located just outside of
the urban core in a tranquil setting with convenient connections to all of Philly's main arteries
and roadways, Bainbridge Lofts is positioned for sustainable demand for decades to come. Buyer responsible to verify taxes, SF and financials in DD. 48hr notice to tour (tenant occupied).
Contact an agent
Home facts
- Year built:1900
- Listing Id #:PAPH2414086
- Added:292 day(s) ago
- Updated:August 14, 2025 at 01:30 PM
Rooms and interior
- Bedrooms:15
- Living area:30,250 sq. ft.
Heating and cooling
- Cooling:Central A/C, Wall Unit
- Heating:Central, Electric, Natural Gas, Wall Unit
Structure and exterior
- Year built:1900
- Building area:30,250 sq. ft.
- Lot area:0.23 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,610,000
- Price per sq. ft.:$152.4
- Tax amount:$53,924 (2024)
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