Philadelphia, PA 19139,4633 WALNUT ST
Philadelphia, PA 19139,4633 WALNUT ST
Philadelphia, PA 19139,4633 WALNUT ST
$700,000
Est. payment /mo
$865,000
19.1%
Est.Price: ?

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2,794 SqFt
SOLD DATE : 09/19/2023

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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Bright MLS (BMLS)
Listed by Reda B Akbil • Compass RE
Bought with Reda B Akbil • Compass RE

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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