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Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,794 sqft
Price per Sqft $250
Subdivision Walnut Hill
MLS Listing ID PAPH2250612
Sold Date 09/19/23
Style Other
Abv Grd Liv Area 2,794
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $4,454
Tax Year 2023
Lot Size 1,890 Sqft
Acres 0.04
Lot Dimensions 16.00 x 115.00
Property Description
4633 walnut st is a very well maintained 4 unit Multi-family building with 5 years in Tax abatement, comprised of :
Studio/1bath : Rented for $1,015/Month
2bed/2bath: Rented for $1,755/M
2bed/1bath: $1,395/M
2bed/1bath: Vacant, previously leased at $1,285/M
This incredible, income-producing property has just undergone an extensive renovation in the last few years and is ready for new ownership and ready to provide years and years of steady revenue. It is Currently generating $5,400/Month with room for rent increases.
Featured prominently are hardwood floors, recessed lighting, neutral paint and crisp white trim. Each kitchen has durable granite countertops, stone backsplashes, ample cabinetry, and stainless steel appliances, including a microwave and a dishwasher (no dishwasher in studio unit). Each bathroom is kept bright with neutral ceramic tiling and contemporary fixtures. Every unit contains dedicated laundry facilities and energy-efficient mini split systems for both heating and cooling. The front of the property has a large yard and the backyard features a deck and a parking spot (rented with one of the units). Mere blocks from the Market-Frankford El (7-minute ride to City Hall), bus lines on Baltimore Ave, Clark Park, UPenn, Drexel and USciences, this property will rent consistently for years to come. Tenants have recently been secured for three of the four units as follows The property has about 5 years left in TAX ABATEMENT.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Interior
Hot Water Electric
Heating Wall Unit
Cooling Ductless/Mini-Split
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
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 601041500
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Reda B Akbil • Compass RE