3817 Wallace Street, Philadelphia, PA 19104

USD 869,000
For Sale MLS: PAPH2619704

Property Details

Description

WELCOME TO 3817 WALLACE STREET - A MODERN, INCOME-PRODUCING, 3-YEAR-OLD NEW CONSTRUCTION QUADRUPLEX LOCATED IN THE HIGHLY DESIRABLE UNIVERSITY CITY AREA. THIS TURNKEY MULTI-FAMILY PROPERTY OFFERS EXCELLENT STABILITY WITH TWO UNITS ALREADY RENTED AND STRONG IMMEDIATE CASH FLOW. UNIT #2 IS CURRENTLY RENTED FOR $1,700/MONTH, AND UNIT #4 IS RENTED FOR $2,100/MONTH. UNITS #1 AND #3 ARE CURRENTLY IN THE PROCESS OF BEING LEASED, PROVIDING ADDITIONAL UPSIDE POTENTIAL FOR THE NEW OWNER. THE BUILDING FEATURES A WELL-DESIGNED UNIT MIX: UNITS #1 AND #2 OFFER 2 BEDROOMS AND 2 FULL BATHROOMS EACH, WHILE UNITS #3 AND #4 FEATURE 3 BEDROOMS AND 2 FULL BATHROOMS EACH. UNIT #4 ALSO INCLUDES PRIVATE ROOFTOP ACCESS - A HIGHLY DESIRABLE AMENITY THAT CAN COMMAND PREMIUM RENTAL INCOME. DESIGNED WITH CONTEMPORARY FINISHES, OPEN-CONCEPT LAYOUTS, AND ENERGY-EFFICIENT SYSTEMS, THIS PROPERTY OFFERS LOW-MAINTENANCE OWNERSHIP AND LONG-TERM DURABILITY. ITS PRIME LOCATION, JUST MINUTES FROM UPENN, DREXEL UNIVERSITY, PENN PRESBYTERIAN HOSPITAL, PUBLIC TRANSPORTATION, AND MAJOR EMPLOYMENT CENTERS, ENSURES STRONG YEAR-ROUND RENTAL DEMAND. INVESTORS WILL ALSO APPRECIATE THE APPROXIMATELY 5 YEARS REMAINING ON THE 10-YEAR TAX ABATEMENT, SIGNIFICANTLY ENHANCING CASH FLOW AND OVERALL RETURNS. LOCATED IN A RAPIDLY GROWING AND APPRECIATING SECTION OF UNIVERSITY CITY, 3817 WALLACE STREET PRESENTS A RARE OPPORTUNITY TO OWN A HIGH-YIELD, FUTURE-PROOF INVESTMENT PROPERTY.

PROPERTY DETAILS: Square Feet: 4021

INTERIOR FEATURES: • Square Footage (approx): 4,021 Sq. Ft. Above Ground, Sq. Ft. Below Ground • Cooling: Central Air, Electric • Heating: Gas Heat, Forced Air • Basement: Finished

EXTERIOR FEATURES: • Parking: None. • Exterior: Brick • Pool Description: None • Lot Dimensions: 15.00 x 96.00 • Zoning: RSA5

LISTING AGENT: Agent: Gazi Ataseven | Office: HomeSmart First Advantage Realty | Phone: 2677746886 | Email: [email protected]

LISTING INFORMATION: MLS#: PAPH2619704 | Status: FOR SALE

Location

Address

3817 Wallace Street

City

Philadelphia

Features and Finishes

Interior Features:

• Square Footage

(approx): 4,021 Sq. Ft. Above Ground, Sq. Ft. Below Ground

• Cooling: Central Air, Electric

• Heating: Gas Heat, Forced Air

• Basement: Finished

Exterior Features:

• Parking: None.

• Exterior: Brick

• Pool Description: None

• Lot Dimensions: 15.00 x 96.00

• Zoning: RSA5

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