Investments Sales Management

Dwelling with Rental, Unit/Flat, Bi-level

502 S 4TH STREET

PHILADELPHIA, PA 19147

MLS#: PAPH2612706

$899,000

Status: Active
Listing number: PAPH2612706
Listing provided by: Compass Pennsylvania, LLC
Listing agent phone: None
Last update: 3 hours ago
On site: 9 days ago
Browse Properties
SOCIETY HILL - Residential Income

Property

Beds

2

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

3,424

Great opportunity to own a 4 Unit Corner building (over 3,400 sf.) in prime Society Hill location. Corner spacious studio flooded with light rented for $1,100; Bilevel unit 1 bed/ 1.5 baths recently vacant was rented for $1325; second floor 1 bed/ 1 bath rented for $1,300. Rents are below market. Unit 4 needs to be completely rebuilt offering flexible layout and huge potential for value add investors or developers. It is almost 1700 sf of space and would make an ideal owners unit occupying the top two floors of the building- plans available to make a 3 bedrooms/2.5 bath bright corner unit with windows on two sides, laundry, in unit, spacious open kitchen, plus roof access for fabulous city views and potential for a roof deck. - 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 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. Taxes and square footage are buyers responsibility to verify.

Features & Amenities

Interior

  • Other Interior Features

    Built-in Features

  • Total Bedrooms

    2

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3424.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Window Unit(s), Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Exhaust Fan, Natural Gas, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Other Exterior Features

    Lighting

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

  • View

    City, Street

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.02

  • Lot Size(square feet)

    780.0

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Dwelling with Rental, Unit/Flat, Bi-level

Price

  • Sales Price

    $899,000

  • Tax Amount

    $11,786

  • Sq. Footage

    3, 424

  • Price/SqFt

    $262

HOA

  • Association

    No

School District

  • Elementary School

    GENERAL GEORGE A. MCCALL

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    4

  • New Construction

    NO

  • Foundation Details

    Block

  • Sewer

    Public Sewer

  • Tax Lot

    331

  • Water Source

    Public

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Location

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PHILADELPHIA

Elementary School

GENERAL GEORGE A. MCCALL

Middle School

High School

Listing Courtesy of Stephanie M MacDonald , Compass Pennsylvania, LLC

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Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Great opportunity to own a 4 Unit Corner building (over 3,400 sf.) in prime Society Hill location. Corner spacious studio flooded with light rented for $1,100; Bilevel unit 1 bed/ 1.5 baths recently vacant was rented for $1325; second floor 1 bed/ 1 bath rented for $1,300. Rents are below market. Unit 4 needs to be completely rebuilt offering flexible layout and huge potential for value add investors or developers. It is almost 1700 sf of space and would make an ideal owners unit occupying the top two floors of the building- plans available to make a 3 bedrooms/2.5 bath bright corner unit with windows on two sides, laundry, in unit, spacious open kitchen, plus roof access for fabulous city views and potential for a roof deck. - 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 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. Taxes and square footage are buyers responsibility to verify.

502 S 4TH STREET

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