Philadelphia, PA 19147,612-14 S 4TH ST
Philadelphia, PA 19147,612-14 S 4TH ST
Philadelphia, PA 19147,612-14 S 4TH ST
25
$3,080,000
$3,250,000
5.2%
Est.Price: ?

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1,608 Sqft Lot

612-14 S 4TH ST Philadelphia, PA 19147

Est. payment /mo
SOLD DATE : 07/14/2017

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Annie & Nikki The Busy Blondes

Annie & Nikki The Busy Blondes

+1(202) 841-7601

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $3,080,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Queen Village

MLS Listing ID 1003240753

Sold Date 07/14/17

HOA Y/N N

Originating Board TREND

Year Built 1900

Annual Tax Amount $10,218

Tax Year 2017

Lot Size 1,608 Sqft

Acres 0.04

Lot Dimensions 35X85

Property Description

Location, Location, Location!! This high traffic, double wide 7500 square foot Queen Village building spans from 4th Street to Leithgow Street and contains eight high end completely renovated apartments (four two bedrooms, and four bi level one bedrooms) and 2 commercial spaces with credit tenants, with long term leases ( currently the UPS store and a Nail salon), all completely rented.This building offers a True 6% cap rate, and a much higher cash on cash return than having your money in the bank, with upside every year. These spaces were gut renovated in 2014-2015 and equipped with high end everything including hardwood floors, granite, stainless and cherry kitchens, gorgeous designer tile bathrooms, central air conditioning, multiple fiberglass roof decks, video intercoms, and the entire buildings are sprinklered and alarmed. There is a private, gated entrance for the tenants on Leithgow Street, and the stores have multiple means of egress. All of the utilities are separated and the responsibility of the tenants including water. The ten year tax abatement runs until August 2024. Please check the documents section for more detailed financial income and expense information. Leases available upon request.

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning CMX3

Rooms

Other Rooms Primary Bedroom

Interior

Fireplace N

Exterior

Waterfront N

Water Access N

Parking Type None

Garage N

Building

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871299240

Ownership Other

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Bright MLS (BMLS)
Listed by Michael R. McCann • BHHS Fox & Roach-Center City Walnut
Bought with Richard Q Li • Liberty Real Estate

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Annie & Nikki The Busy Blondes

Agent | License ID: 0225062488

+1(202) 841-7601

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