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507 S 4TH ST Philadelphia, PA 19147
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Key Details
Sold Price $670,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $304
Subdivision Society Hill
MLS Listing ID PAPH2140492
Sold Date 12/29/22
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $8,961
Tax Year 2023
Lot Size 795 Sqft
Acres 0.02
Lot Dimensions 15.00 x 53.00
Property Description
Residential unit is rented out fully furnished at $5400/m, Commercial unit is rented out for $2200/m. Completely remodeled with city permits, 10 year tax abatement approved on the remodeling cost. Storefront with new commercial window and door, ADA compliant bathroom, finished basement with bilco doors and access from commercial space. Fire alarm. 2 Story apartment on the second and third floor with separate entrance, 2 bedrooms, 1.5 baths, rooftop deck and much more. With only one unit occupied cap rate is close to 5.5%, with both units occupied projected cap is close to 9%
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 051072400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Stuart C Cohen • KW Philly
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