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4618 Walnut Street, Philadelphia, PA 19139
$450,000
4618 Walnut Street, Philadelphia, PA 19139View this property at 4618 Walnut Street, Philadelphia, PA 19139
4618 Walnut StreetPhiladelphiaPA19139
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Property Description
Wonderful multi-unit investment opportunity in a great area with only upside. It's currently used as five units, but legally zoned as four units. The property is dated throughout with many long-term and low paying tenants. This is a great opportunity to improve the value and increase the income. Four of the apartments have 1 bed and 1 bath, one is a studio. The first-floor unit is a former storefront with a private entrance. A shared entry leads to two units on each of the upper floors. All units are currently occupied except the 2nd-floor front and are verbal leases. The utilities are as follows; 4 separate gas hot water tanks, 2nd floor front and 1st floor front share one hot water heater (owner pays gas), baseboard steam heating, 1 gas boiler for all units, 2nd floor front has an electric stove, 4 electrical panels and 4 gas meters. This building is located in a sought-after neighborhood, earning a Walk Score of 94! It's only a few blocks from The University of Penn, Drexel University, and Penn Presbyterian Medical Center. Popular restaurants, local shops, and sprawling parks are nearby along 40th St, Baltimore Ave, and 52nd St. Plus, there's easy access to public transit, 30th St Station, I-76, and Delaware County. Schedule your showing today!
Full Property Details
Full Property Details for 4618 Walnut St
General
- Sold For: $450,000
- Taxes: $4,626 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: PAPH2304288
- Added to Site: 159 day(s) ago
Parking
- Parking Type: None
Location
- Area: 19139 (19139)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: Located on Walnut Street, between 46th and 47th Streets.
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Unit/Flat
- Architectural Style: Unit/Flat
- Structure Type: Interior Row/Townhouse
- Construction: Masonry
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Other
- Stories/Levels: 0
- Square Feet: 2,066
- Sq. Ft. Source: Assessor
- Living Area: 2,066 Sq. Ft.
- Finished Above Grnd: 2,066 Sq. Ft.
- Year Built: 1920
- Year Built Source: Assessor
Unit Information
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
- 1 Bedroom Units: 4
Unit 1
- Unit Description: Unit 1
Unit 2
- Unit Description: Unit 2
- Bedrooms: 1
Unit 3
- Unit Description: Unit 3
- Bedrooms: 1
Unit 4
- Unit Description: Unit 4
- Bedrooms: 1
Unit 5
- Unit Description: Unit 5
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,716
- Lot Size Source: Assessor
- Lot Dimensions: 19.00 x 93.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $217.81
- Assessment Year: 2023
- School Tax: $2,538
- City/TownTax: $2,087
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $330,500
- Tax Amount: $4,626
- Tax Year: 2022
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2066
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Lot Number: 47
Listed by Keller Williams Philly, Michael R. McCann
Sold by Compass Pennsylvania, LLC, Melissa Knights Munaco
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Schools
Schools serving 4618 Walnut St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
4700 Locust St, Philadelphia, PA 19139 | K-8 | 0.1 mi | |
4901 Chestnut St, Philadelphia, PA 19139 | 9-12 | 0.4 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 4618 Walnut St
Date
Details
Price
Change
Source
1/26/2024
Sold
$450,000
—
MLS
12/11/2023
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4618 Walnut Street, Philadelphia, PA 19139 (MLS# PAPH2304288) is a Multi-Family property that was sold at $450,000 on January 26, 2024. Want to learn more about 4618 Walnut Street? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.