1011 South 47th Street

Philadelphia, PA 19143

$660,000
Last Sold Price
6
Beds
4
Baths
2,958 Sq. Ft.
$223 / Sq. Ft.
2,958
Sq. Ft.
$223
per Sq. Ft.

Description

Fantastic investment opportunity to own a rare quadruplex in the West Philly's Cedar Park! Excellent for an investor looking to cash flow day 1 with plenty of long term upside. Also perfect for an owner occupant who wants to live in one unit and collect rent to cover their living costs. This property is under the FHA limit for 4 units. In place cap rate over 7.5%! The building and units are recently updated and include a huge shared basement and backyard space. First floor unit is a 3 bedroom and...Fantastic investment opportunity to own a rare quadruplex in the West Philly's Cedar Park! Excellent for an investor looking to cash flow day 1 with plenty of long term upside. Also perfect for an owner occupant who wants to live in one unit and collect rent to cover their living costs. This property is under the FHA limit for 4 units. In place cap rate over 7.5%! The building and units are recently updated and include a huge shared basement and backyard space. First floor unit is a 3 bedroom and 1 bathroom unit with a wrap around porch. Second floor consists of a spacious 1 bedroom and a studio, each original hardwood floors and plentiful windows for natural light. The third floor unit is an updated 2 bedroom with new flooring and paint throughout and an opportunity to increase rent. The roof is newly updated and there is a new shared washer and dryer in the basement! Three units are occupied with quality leases and 1 is vacant, all with the opportunity for increased rents in the future. Highly desirable and picturesque block close to University of Pennsylvania, Clark Park, and University of the Sciences. Steps from popular neighborhood restaurants, bars and shopping on Baltimore Ave and easy access to Center City and the rest of Philadelphia through the nearby trolley stops, bus routes and main throughways to downtown.

Listing Agents

  1. Kelly Widman

    Kelly Widman

    Alternative Listing Agent

    Compass

Property Details for 1011 South 47th Street

Tax ID Number
461196800
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Traditional, Victorian
Waterfront
No
Garage
No
Expected On Market Date
09-15-2022
Cross Street
Chester

Location

Sold By Keller Williams Philadelphia

Add your commute
LISTING UPDATED: 01/03/2023 11:31 AM

Property Details for 1011 South 47th Street

StatusClosed
MLS #PAPH2158108
Days on Market68
Taxes$6,328 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.07 AC / 3,163 SF
CountyPhiladelphia County

Location

Sold By Keller Williams Philadelphia

Add your commute

Virtual Tour

Building Information for 1011 South 47th Street

Stories-Residences4Year Built1900Building Size-Lot Size0.07 AC / 3,163 SF

Payment Calculator

$4,129 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,602

Property Taxes

$527

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1011 South 47th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19143 (19143)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $452,100
  • Year Assessed: 2023
  • Improvement Assessed Value: $361,680
  • City Town Tax: $2,855
  • Land Assessed Value: $90,420
  • Clean Green Assessed: No
  • Land Use Code: N50
  • Zoning: RSA3
  • Tax Lot: 134
  • School Tax: $3,472
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 3
  • Number Of Units Vacant: 1
Multi Family
Unit 1
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Beds Total: 1
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 0
  • Full Baths Count: 1
Unit 4
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Full Baths Count: 1
Financial Information
Financial Information
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,958.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 28.00 x 115.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1215850
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Oil
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 1011 South 47th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1011 South 47th Street

Taxable ValueLand$90,420Additions$361,680Total$452,100
Tax Record2023$6,328 ($527 / month)
Home Facts
Total Finished SqFt2,958 SqFtAbove Grade Finished SqFt2,958 SqFtStories3Lot Size3,163 SqFtStyleMulti-Family Res (5+ Units)Year Built1895ZoningRSA3CountyPHILADELPHIAAPN46-1-1968-00

Schools near 1011 South 47th Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Penn Alexander School
PublicK to 8

West Philadelphia High School
Public9 to 12

The Workshop School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.