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1011 S 47TH Street

PHILADELPHIA, PA 19143
  • $699,900
  • STATUS: Active Under Contract
  • ON SITE: 85 Days
  • ID#: PAPH2158108
Under Contract
$699,900
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,958
    SQFT
  • $237
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

Fantastic investment opportunity to own a rare quadruplex in the West Philly's Cedar Park! Excellent for an investor looking to cash flow day 1 with plenty of long term upside. Also perfect for an owner occupant who wants to live in one unit and collect rent to cover their living costs. This property is under the FHA limit for 4 units. In place cap rate over 7.5%! The building and units are recently updated and include a huge shared basement and backyard space. First floor unit is a 3 bedroom and 1 bathroom unit with a wrap around porch. Second floor consists of a spacious 1 bedroom and a studio, each original hardwood floors and plentiful windows for natural light. The third floor unit is an updated 2 bedroom with new flooring and paint throughout and an opportunity to increase rent. The roof is newly updated and there is a new shared washer and dryer in the basement! Three units are occupied with quality leases and 1 is vacant, all with the opportunity for increased rents in the future. Highly desirable and picturesque block close to University of Pennsylvania, Clark Park, and University of the Sciences. Steps from popular neighborhood restaurants, bars and shopping on Baltimore Ave and easy access to Center City and the rest of Philadelphia through the nearby trolley stops, bus routes and main throughways to downtown.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-06T23:50:18.16.
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1011 S 47TH Street PHILADELPHIA, PA 19143

  • Price: $699,900
  • Status: Active Under Contract
  • On Site: 85 Days
  • ID#: PAPH2158108
0
Beds
0
Baths
0
½ Baths
0.07
Acres
2,958
SQFT
$237
$/SQFT
1900
Built
Neighborhood:
19143 (19143)
County:
Philadelphia
Area:
19143 (19143)
School District:
The School District Of Philadelphia
Property Description
Fantastic investment opportunity to own a rare quadruplex in the West Philly's Cedar Park! Excellent for an investor looking to cash flow day 1 with plenty of long term upside. Also perfect for an owner occupant who wants to live in one unit and collect rent to cover their living costs. This property is under the FHA limit for 4 units. In place cap rate over 7.5%! The building and units are recently updated and include a huge shared basement and backyard space. First floor unit is a 3 bedroom and 1 bathroom unit with a wrap around porch. Second floor consists of a spacious 1 bedroom and a studio, each original hardwood floors and plentiful windows for natural light. The third floor unit is an updated 2 bedroom with new flooring and paint throughout and an opportunity to increase rent. The roof is newly updated and there is a new shared washer and dryer in the basement! Three units are occupied with quality leases and 1 is vacant, all with the opportunity for increased rents in the future. Highly desirable and picturesque block close to University of Pennsylvania, Clark Park, and University of the Sciences. Steps from popular neighborhood restaurants, bars and shopping on Baltimore Ave and easy access to Center City and the rest of Philadelphia through the nearby trolley stops, bus routes and main throughways to downtown.
Exterior Features

Architectural Style TraditionalVictorian Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2958 Basement UnfinishedSump Pump Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 1000 Cooling Window Unit(S) Fireplaces Total 0 Heating Radiator Heating YN Yes Single Room Units 1 Three Bedroom Units 1 Two Bedroom Units 1

Property Features

Accessibility Features None Assessment Year 2023 Central Air YN No Cooling Fuel Electric Cross Street Chester Existing Lease Type Yearly Foundation Details Other Heating Fuel Oil Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 4 Number Of Units Vacant 1 Original MLSNumber 801870813732 Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 6328.00 Tax Assessment Amount 452100.00 Tax Lot 134 Vacation Rental YN No Water Source Public Zoning Rsa3

Listing courtesy of Compass Pennsylvania, Llc: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-06T23:50:18.16.
 
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