Philadelphia, PA 19139,245 S HANSON ST

$375,000

$400,000

6.3%
Est.Price: ?

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Est. payment /mo

4,200 SqFt


SOLD DATE : 09/13/2024

Key Details

Sold Price $375,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $89

Subdivision Walnut Hill

MLS Listing ID PAPH2352012

Sold Date 09/13/24

Style Other

Abv Grd Liv Area 4,200

Originating Board BRIGHT

Year Built 1951

Annual Tax Amount $7,101

Tax Year 2023

Lot Size 1,748 Sqft

Acres 0.04

Property Description

Discover this prime investment opportunity in the bustling Walnut Hill neighborhood, featuring a five-unit building with two storefronts, two 1-bedroom 1-bath apartments, and one 3-bedroom 1-bath apartment. Each unit has its own entrance, offering an element of privacy that's hard to find. Situated near University City, this property is close to prestigious universities and a plethora of amenities, ensuring convenient living. Currently zoned as RM-1, it offers investors maximum potential for income generation and equity growth. The property has been well maintained but will need cosmetic repairs to get the units in rent-ready condition.

This location is ideal for renting to students due to its proximity to University City, which helps decrease vacancy and keep the units rented. It’s also a great opportunity for someone looking to live in one unit and rent the others out to offset the mortgage and reduce living expenses. Alternatively, this property is perfect for West Philadelphia investors looking to add to their rental portfolio. Buyers are responsible for verifying zoning and use possibilities. A clear U&O will not be provided by the sellers.

With a Walk Score of 90, daily errands can be easily completed without a car. A Transit Score of 77 suggests outstanding transit options, ensuring convenient transportation around the city. Furthermore, a Bike Score of 99 highlights excellent biking infrastructure in the area.

Nearby dining options include J & P Seafood, Quick & Quality, and Pizza Plus West, among others. Educational facilities in the vicinity comprise The Workshop School, Lea C. Henry School, and Beulah Baptist Christian Day School. Convenient grocery options include Quick Stop Deli, Fili Kale, and The Herb Nook. The property is just nine minutes away from the MFL Frankford TC at the 46th St Station - MFL stop. Nearby parks include Chicken Park, Black Oak Park, and Cedar Park.

Enjoy unparalleled convenience with easy access to transit, universities, dining, shopping, and entertainment options. Don’t miss out on this exceptional investment opportunity in a highly sought-after location. Schedule a viewing today to explore its potential for lucrative returns.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RM-1

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s)

Flooring Wood, Vinyl

Fireplace N

Heat Source Natural Gas, Electric

Exterior

Water Access N

View Street

Roof Type Flat

Accessibility None

Garage N

Building

Lot Description Rear Yard

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881143861

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME
Bought with Maria Maria Quattrone Quattrone • RE/MAX @ HOME
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