1100 Vine St. Philadelphia, PA 19107
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2 Cents You’ll likely get a lot for your money at 1100 Vine in terms of size of the units- most buyers impressed with that fact. Med students seem to flock to the 550 sq ft one-bedroom units. Doorman building. 1100 Vine was smart in deciding to limit the number of rentals in the building- somewhere around 25% max. Keeps the building “easy to finance.” Hallways a bit neutral- and washer/dryers are common and in the hallways (coin-op)- but can be installed inside units at the owner’s expense. Basement storage.
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Quick Sales Stats
2022: 7 Sales, Top Price $325,000
2021: 11 Sales, Top Price $310,000
2020: 5 Sales, Top Price $262,500
2019: 5 Sales, Top Price $310,000
2018: 7 Sales, Top Price $399,000
2017: 5 Sales, Top Price $292,000
2016: 7 Sales, Top Price $275,000
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Before being converted to condos back in the early 2000s, The GrandeView was an extended stay hotel. You may get a sense of that as you enter the building and see some of the common spaces. 1100 Vine st. Condos were one of the first (and smartest) to incorporate a limit on the number of rentals in the building, keeping Fannie Mae happy and allowing the condos to be easily financed. I have probably sold about a dozen condos at 1100 Vine over the years- A fairly easy sell based upon location and pricing structure. 1100 Vine St. offer either east or west views- and some units have south views. Washers and dryers at GrandeView condos are located in the hallways and are coin-operated. 24-hour doorman...no parking on site, but plenty of inexpensive rental lots nearby. Oh, and there is a police station right outside the entrance to 1100 Vine St. Good proximity to Jefferson Medical doesn’t hurt.
There is an abundance of smaller 550 +/- sq ft sized one-bedrooms that seems to turn over quite regularly, and I believe to be a very solid investment. Front desk staff are always pleasant, and the 2nd floor makes up the gym and some very very large conference/community areas.