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4025 Lancaster Avenue, Philadelphia, PA 19104
$724,500
4025 Lancaster Avenue, Philadelphia, PA 19104View this property at 4025 Lancaster Avenue, Philadelphia, PA 19104
4025 Lancaster AvenuePhiladelphiaPA19104
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Property Description
Welcome to this fantastic property located in an "opportunity zone" on bustling Lancaster Ave, in the vibrant West Powelton neighborhood of West Philadelphia. This unique Quadplex offering consists of three residential units and one commercial space, presenting an incredible investment opportunity in a prime location. The commercial space features a convenient half bath, offering versatility for a variety of business endeavors. Unit 1 is a spacious bilevel 1 bedroom/1 bath layout, boasting a private washer & dryer and access to a large back yard, perfect for outdoor relaxation and entertainment. Unit 2 offers a comfortable floorplan, a 1 bed/1 bath layout with its own laundry facilities. Unit 3 is a spacious & stylish 2 bedroom/2 bath residence, also complete with the convenience of an in-unit washer & dryer and access to a delightful roof deck, providing a serene retreat with panoramic views. The roof deck and large yard contribute to the desirability of this property, offering outdoor spaces for residents to enjoy. Conveniently situated in close proximity to Penn, Drexel, and St. Joe's Universities, this property presents an exceptional opportunity for rental income and future growth potential. Whether you're looking to expand your investment portfolio or establish a new venture, this property is a must-see for those seeking a prime location with endless possibilities. Ample storage unit space in the basement & separate metered. Don't miss out on the chance to own this remarkable property in the heart of West Philly with extremely low operating costs - schedule your showing today and seize this incredible investment opportunity! Tax abatement pending.
Full Property Details
Full Property Details for 4025 Lancaster Ave
General
- Price: $724,500
- Taxes: $1,462 (2023)
- Status: Active
- Type: Retail
- MLS ID: PAPH2304786
- Updated: 5/18/2024
- Added to Site: 154 day(s) ago
Business
- Business Type: Other/General Retail, Apartment Building
Parking
- Parking Type: On Street
Location
- Area: 19104 (19104)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: West Powelton
- Subdivision: West Powelton
- Driving Directions: Waze
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Stories/Levels: 0
- Year Built: 1915
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: Panoramic
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,750
- Lot Size Source: Assessor
- Lot Dimensions: 18.00 x 94.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $187.06
- Assessment Year: 2023
- School Tax: $802
- City/TownTax: $660
- City/TownTax Freq: Annually
- Tax w/Assessment: $104,500
- Tax Amount: $1,462
- Tax Year: 2023
- Owner Pays: Taxes - Real Estate, Insurance
- Landlord Pays: Taxes - Real Estate, Insurance
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Inclusions: Washer, dryer, refrigerators and appliances currently in all units.
- Lot Number: 153
Listed by Compass Pennsylvania, LLC, Laurie M Murphy
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Schools
Schools serving 4025 Lancaster Ave
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
Belmont Elementary Charter School
4030 Brown St, Philadelphia, PA 19104 | PK-8 | 0.2 mi | |
4901 Chestnut St, Philadelphia, PA 19139 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4025 Lancaster Ave
Date
Details
Price
Change
Source
5/07/2024
Price Reduced
$724,500
-0.07%
MLS
4/06/2024
Price Reduced
$725,000
-3.33%
MLS
2/26/2024
Price Reduced
$750,000
-6.13%
MLS
2/06/2024
Price Reduced
$799,000
-3.15%
MLS
1/22/2024
Price Reduced
$825,000
-2.94%
MLS
12/19/2023
Listed
$850,000
486.21%
MLS
3/01/2022
Sold
$145,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4025 Lancaster Ave
Year
Property Taxes
Change
Tax Assessment
Change
2021
$1,338
-9%
-100%
2023
$1,463
9%
$104,500
9%
2020
$1,338
1%
$95,600
1%
2019
$1,328
—
$94,900
—
2018
$1,330
-32%
$95,000
-32%
2017
$1,960
—
$140,000
—
2016
$1,960
-73%
$140,000
-74%
2015
$7,286
—
$543,700
—
2014
$7,286
871%
$543,700
6979%
2013
$750
—
$7,680
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4025 Lancaster Ave
4025 Lancaster Avenue, Philadelphia, PA 19104 (MLS# PAPH2304786) is a Retail property. 4025 Lancaster Avenue is currently listed for $724,500 and was received on December 19, 2023. Want to learn more about 4025 Lancaster Avenue? Do you have questions about finding other Retail real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.