Price Reduction
Address
532 S 4Th Street Philadelphia, PA
Price
$ 675,000
Property Attributes
  • MLS#PAPH2038642
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19147
  • NeighborhoodQueen Village
  • Zip19147
  • Style
  • Year Built1900
  • Taxes$ 6698
  • Price$ 675,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size871 SqFt
Listing Provided Courtesy Of:
Keller Williams Philly
Data Source:
Bright MLS - 382 - MD
Property Description

Location, Location, Location!! This mixed use Investment Opportunity in the desirable Queen Village neighborhood has the ability to be a Cash Cow! The first floor, spanning the entire lot, houses a barber shop with 6 independent styling stations. The seller, who has had recent health problems, used to rent every station out for $350.00 per month. There is currently 1 station rented out the other ones are not being used. The demand is there, but there is no one to promote or manage the style station rentals. Take advantage of this now, and bring the cash in. This part of the property is in a turn key situation including all equipment, forced air heating and central air conditioning, high ceilings and a convenient bathroom. The second and third floors have a bilevel 3 bedroom, 1 bathroom apartment with its own forced air heating system, which could use some cosmetic upgrades, and has its own separate entrance from South Street. With a minimal amount of improvements, this unit should easily rent for $2,700.00 per month. So, lets do the math; if the stations in the commercial space were all rented, that would bring in over $9,000.00 per month, and the apartment $2,700.00 per month. That's $11,700.00 per month on a $695,000.00 asking price! The location is second to none, just a few doors down from the famous Jim's Steaks, Milkboy, and Copa. It has plenty of foot traffic, retail shopping, cafes and restaurants. This one is a no-brainer! Make your move today!

Price History
10/20/2021 Listed $695,000
11/18/2021 3% - $675,000

General Features

Accessibility None
Architectural Style Other
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 33
Garage Y/N No
Heating Forced Air
Lot Size Square Feet 928.00
MLS Area 19147 (19147)
Municipality PHILADELPHIA
New Construction No
Other Structures Above Grade
Ownership Fee Simple
Pool Y/N No Pool
Possession Settlement
Price Per Sq Ft 242.2
Property SubType Other
Property Type Multi-Family
School District THE SCHOOL DISTRICT OF PHILADELPHIA
School District 300200397108
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Subdivision Name QUEEN VILLAGE
Tax Annual Amount 6698.0
Tax Lot 102
Tax Year 2021
Total Units 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX3

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 2787
Three Bedroom Units Count 1

Exterior Features

Foundation Details Concrete Perimeter
Lot Dimensions 16.00 x 58.00
Lot Size Acres 0.02
Lot Size Source Estimated
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19147

Price
AVG $1.03M
$680K
Taxes
AVG $7,592
$6,698
Visits
AVG 71
7
Year Built
AVG 1925
1900

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