$375,000
$400,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
4,200 SqFt
SOLD DATE : 09/13/2024
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $89
Subdivision Walnut Hill
MLS Listing ID PAPH2352012
Sold Date 09/13/24
Style Other
Abv Grd Liv Area 4,200
Originating Board BRIGHT
Year Built 1951
Annual Tax Amount $7,101
Tax Year 2023
Lot Size 1,748 Sqft
Acres 0.04
Property Description
Discover this prime investment opportunity in the bustling Walnut Hill neighborhood, featuring a five-unit building with two storefronts, two 1-bedroom 1-bath apartments, and one 3-bedroom 1-bath apartment. Each unit has its own entrance, offering an element of privacy that's hard to find. Situated near University City, this property is close to prestigious universities and a plethora of amenities, ensuring convenient living. Currently zoned as RM-1, it offers investors maximum potential for income generation and equity growth. The property has been well maintained but will need cosmetic repairs to get the units in rent-ready condition.
This location is ideal for renting to students due to its proximity to University City, which helps decrease vacancy and keep the units rented. It’s also a great opportunity for someone looking to live in one unit and rent the others out to offset the mortgage and reduce living expenses. Alternatively, this property is perfect for West Philadelphia investors looking to add to their rental portfolio. Buyers are responsible for verifying zoning and use possibilities. A clear U&O will not be provided by the sellers.
With a Walk Score of 90, daily errands can be easily completed without a car. A Transit Score of 77 suggests outstanding transit options, ensuring convenient transportation around the city. Furthermore, a Bike Score of 99 highlights excellent biking infrastructure in the area.
Nearby dining options include J & P Seafood, Quick & Quality, and Pizza Plus West, among others. Educational facilities in the vicinity comprise The Workshop School, Lea C. Henry School, and Beulah Baptist Christian Day School. Convenient grocery options include Quick Stop Deli, Fili Kale, and The Herb Nook. The property is just nine minutes away from the MFL Frankford TC at the 46th St Station - MFL stop. Nearby parks include Chicken Park, Black Oak Park, and Cedar Park.
Enjoy unparalleled convenience with easy access to transit, universities, dining, shopping, and entertainment options. Don’t miss out on this exceptional investment opportunity in a highly sought-after location. Schedule a viewing today to explore its potential for lucrative returns.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM-1
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Flooring Wood, Vinyl
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Water Access N
View Street
Roof Type Flat
Accessibility None
Garage N
Building
Lot Description Rear Yard
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881143861
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with Maria Maria Quattrone Quattrone • RE/MAX @ HOME
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”