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$557,500
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Property Description
FULLY RENTED !!! Welcome to 4506 Merion Ave, Stunningly Finished, Brand New Duplex located in Belmont, one of the rapidly developing sections of Philadelphia. This Gorgeous Multi-Family New Construction Duplex was built by the meticulous and respected builder, NHA Development who spared no expense in building this property to ensure maximum rental income. As soon as you walk in, you will see how much special attentions have been giving to this exclusive high-quality finished duplex. This beautiful Brand-New Duplex is conveniently located, and it provides easy access to all major transportation. The duplex sits on a generous size lot which allows all the units to be much larger than regular units. This amazing duplex offers almost 1500 sqft of livable space for each unit. Unit #1 is bi-level, offering over 1500 sqft with 3 extremely large bedrooms, 3 custom baths, and a huge backyard. Unit #2 is also bi-level, over 1500 sqft with 3 massive bedrooms, 3 custom baths, and an incredible rooftop deck. UNIT 1#2 ARE RENTED at 2000$. It is fully rented now !!! THIS MONEY MACHINE IS COLLECTING $4000 in a month. THIS AMAZING DUPLEX IS GENERATING POSITIVE CASH FLOW With ZERO MAINTENANCE AND APPROVED 10 YEARS TAX ABATEMENT. All units feature high-quality flooring, state-of-the-art kitchen with shaker cabinets and stainless steel appliances, custom tile work all bathrooms, and more. This building is 1 block from BOTH the #10 and #36 trolleys for easy access to Drexel/Penn, Center City, and more. Both the #43 and #64 bus lines stop qt the corner as well in front of the building. This DUPLEX is not only in a convenient location, where property values are appreciating; but it's also located in the Qualified opportunity zone (QOZ) and approved 10 Years Tax Abatement making this a very secure investment. I invite you to take advantage of this life opportunity to own this stunning duplex. There is not much to say !!!. Actions speaks louder than words!!!. This is a life opportunity to own it. You will not be disappointed to see this duplex. Please reach out for showing.
Full Property Details
Full Property Details for 4506 Merion Ave
General
- Sold For: $557,500
- Taxes: $239 (2023)
- Status: Closed
- Type: Duplex
- Source: BrightMLSPhilly
- MLS ID: PAPH2240364
- Added to Site: 1, 005 day(s) ago
Interior
- Number of Rooms: 6
Parking
- Parking Type: On Street
Location
- Area: 19131 (19131)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: GPS
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: 60+ Gallon Tank
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Bi-level
- Architectural Style: Bi-level
- Structure Type: Other
- Construction: Brick, Aluminum Siding
- Stories/Levels: 0
- Square Feet: 3,000
- Sq. Ft. Source: Estimated
- Living Area: 3,000 Sq. Ft.
- Finished Above Grnd: 3,000 Sq. Ft.
- Year Built: 2023
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- 3 Bedroom Units: 2
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 945
- Lot Size Source: Assessor
- Lot Dimensions: 14.00 x 68.00
- Zoning: RM1
Financial Considerations
- Price Per Sq. Ft.: $195
- Assessment Year: 2023
- School Tax: $131
- City/TownTax: $108
- City/TownTax Freq: Annually
- Tax w/Assessment: $17,100
- Tax Amount: $239
- Tax Year: 2023
- Terms: Standard Sale
- Owner Pays: Taxes - Real Estate
- Landlord Pays: Taxes - Real Estate
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 195
Listed and Sold by HomeSmart Realty Advisors, Gazi Ataseven
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Schools
Schools serving 4506 Merion Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Blankenburg Rudolph School 4600 West Girard Avenue, Philadelphia, PA 19131 | 7-8 | 0.2 mi |
Overbrook High School, Philadelphia, PA 5898 Lancaster Avenue, Philadelphia, PA 19131 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4506 Merion Ave
Date
Details
Price
Change
Source
9/12/2023
Sold
$557,500
-4.7%
MLS
5/26/2023
Listed
$585,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4506 Merion Avenue, Philadelphia, PA 19131 (MLS# PAPH2240364) is a Duplex property that was sold at $557,500 on September 12, 2023. Want to learn more about 4506 Merion Avenue? Do you have questions about finding other Duplex real estate for sale in Mill Creek? You can browse all Mill Creek real estate or contact a Coldwell Banker agent to request more information.

