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502 S 4TH Street

PHILADELPHIA, PA 19147
  • $1,250,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: PAPH2352728
$1,250,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,424
    SQFT
  • $365
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Information

Elementary School:

Description

INVESTOR / OWNER OCCUPIED ALERT!! Great opportunity to live in a 4 Unit Corner Apt building (over 3,400 sf.) in prime Society Hill location. Use 3 rented apts. to pay your mortgage for instant equity or rent all 4 and start making $54,000 in NET income now! Rents are below market so raise the rents and make more $. Unit 4 is 1700 sf and makes an ideal owners unit occupying the top two floors of the building- 3 bedrooms/2.5 bath bright corner unit with windows on two sides, spacious kitchen with stainless dishwasher, new refrigerator, microwave and beamed ceiling plus roof access for fabulous city views and potential for a roof deck. Building is currently FULLY RENTED- Unit 4 is rented for $2,300/mo. Unit 1 is a studio ($1,150); Unit 2 is a 1 bedroom/1bath ($1,250) with new stove; Unit 3 is a 1 bedroom/ 1.5 bath bi level ($1,300) with new stove and microwave. All UTILITIES SEPARATED - Tenants pay own electric and gas. 4 gas furnaces and 4 NEWER gas hot water heaters ( 2018, 2019, 2021, 2021) plus one for laundry. Landlord pays only cold water and common electric. Low vacancy, well maintained and always easy to rent in this Premier location. Coin op washer and dryer in basement provides additional $1,000 yearly income. Convenient to hospitals, restaurants, shops, with easy access to NJ, plus McCall Elementary catchment. Start making money NOW!

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502 S 4TH Street PHILADELPHIA, PA 19147

  • Price: $1,250,000
  • Status: Active
  • On Site: 40 Days
  • MLS #: PAPH2352728
0
Beds
0
Baths
0
½ Baths
0.02
Acres
3,424
SQFT
$365
$/SQFT
1920
Built
Neighborhood:
Society Hill
County:
Philadelphia
Area:
19147 (19147)
Elementary School:
Mc Call Gen George
School District:
The School District Of Philadelphia
Property Description
INVESTOR / OWNER OCCUPIED ALERT!! Great opportunity to live in a 4 Unit Corner Apt building (over 3,400 sf.) in prime Society Hill location. Use 3 rented apts. to pay your mortgage for instant equity or rent all 4 and start making $54,000 in NET income now! Rents are below market so raise the rents and make more $. Unit 4 is 1700 sf and makes an ideal owners unit occupying the top two floors of the building- 3 bedrooms/2.5 bath bright corner unit with windows on two sides, spacious kitchen with stainless dishwasher, new refrigerator, microwave and beamed ceiling plus roof access for fabulous city views and potential for a roof deck. Building is currently FULLY RENTED- Unit 4 is rented for $2,300/mo. Unit 1 is a studio ($1,150); Unit 2 is a 1 bedroom/1bath ($1,250) with new stove; Unit 3 is a 1 bedroom/ 1.5 bath bi level ($1,300) with new stove and microwave. All UTILITIES SEPARATED - Tenants pay own electric and gas. 4 gas furnaces and 4 NEWER gas hot water heaters ( 2018, 2019, 2021, 2021) plus one for laundry. Landlord pays only cold water and common electric. Low vacancy, well maintained and always easy to rent in this Premier location. Coin op washer and dryer in basement provides additional $1,000 yearly income. Convenient to hospitals, restaurants, shops, with easy access to NJ, plus McCall Elementary catchment. Start making money NOW!
Exterior Features

Architectural Style Dwelling with RentalUnit/FlatBi-level Construction Materials Brick Exterior Features Exterior LightingSidewalksStreet Lights Garage YN No Location Type Corner Lot/Unit Lot Features Corner Parking Features Public Parking Types On Street Pool No Pool Property Condition Very Good Roof RubberFlat View CityStreet Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3424 Appliances Built-In MicrowaveDishwasherDryer - GasExhaust FanOven - Self CleaningOven/Range - GasRefrigeratorStainless Steel AppliancesWasherStoveWater Heater Basement FullInterior AccessPoured Concrete Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ceiling Fan(s)Window Unit(s) Exclusions AC Units- Tenants provide Fireplace YN No Flooring HardwoodCarpetCeramic Tile Heating Hot Water Heating YN Yes Inclusions All appliancesCoin Op washer and dryer Interior Features Built-Ins Single Room Units 1 Three Bedroom Units 1 Two Bedroom Units 0 Walls Ceilings BrickDry Wall

Property Features

Accessibility Features None Central Air YN No Cooling Fuel Electric Cross Street Lombard Existing Lease Type Yearly Foundation Details Block Gross Income 73000.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 2996.00 Municipality PHILADELPHIA Navigable Water YN N Net Operating Income 54158.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Operating Expense Includes InsuranceTrash Original MLSNumber 803056119378 Owner Pays ElectricityWaterTrash Collection Ownership Interest Fee Simple Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 11786.00 Tax Lot 331 Total Actual Rent 72000.00 Transportation Bus Stop less than 1 mileMetro/Subway Station less than 1 mile Trash Expense 500.00 Utilities Cable TV Vacation Rental YN No Water Source Public Year Built Effective 2005 Zoning RM1

 
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