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4408 CHESTNUT ST Philadelphia, PA 19104
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Key Details
Sold Price $430,500
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,040 sqft
Price per Sqft $141
Subdivision University City
MLS Listing ID 1002481870
Sold Date 12/01/16
Style Other
HOA Y/N N
Abv Grd Liv Area 3,040
Originating Board TREND
Year Built 1936
Annual Tax Amount $4,628
Tax Year 2016
Lot Size 2,200 Sqft
Acres 0.05
Lot Dimensions 20X110
Property Description
Fantastic multi-family property investment opportunity. 4 Unit apartment building for sale (5th unit potential) in West Philadelphia, University City. Conveniently located to UPENN and DREXEL campuses. The property runs from Chestnut Street at the front to Ionic Street to the back. The back yard on Ionic Street can be converted into two parking spaces with plenty of room left over for outdoor space. The rear ground level of this building is a potential 5th unit that is ground level to the back yard. Windows and existing doors are sealed but could be opened up. There is also a sub-basement below this 5th unit. Expand the rear first level unit and create a nice bi-level large apartment with access to the yard or finish this space separately and add a 5th unit and increase income. The first floor from Chestnut Street includes a large 2B/1B apartment. Previously it was rented for $1200. The 2nd floor front includes a Studio apartment previously rented for $590. The 2nd floor rear is a large 1B/1B apartment and was previously rented for $790. The 3rd floor is a large 1B/1B apartment and the tenant pays $650. This property has a lot of potential for increased income and is easy to rent in this location. Schedule a tour today.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Direction North
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished, Outside Entrance
Interior
Hot Water Natural Gas
Heating Gas
Cooling None
Flooring Wood
Fireplace N
Heat Source Natural Gas
Laundry None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 272019000
Ownership Fee Simple
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Bought with Christopher S Everly • RE/MAX Access