1011 South 47th Street
1011 South 47th Street
$660,000
6
4
2,958
2,958
$223
Closed 12/30/22
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
Property Details for 1011 South 47th Street
Tax ID Number
461196800
OwnershipFee Simple
Structure TypeTwin/Semi-Detached
StyleTraditional, Victorian
WaterfrontNo
GarageNo
Expected On Market Date09-15-2022
Cross StreetChester
Location
LISTING UPDATED: 01/03/2023 11:31 AM
Property Details for 1011 South 47th Street
Status | Closed |
---|---|
MLS # | PAPH2158108 |
Days on Market | 68 |
Taxes | $6,328 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1900 |
Lot Size | 0.07 AC / 3,163 SF |
County | Philadelphia County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 1011 South 47th Street
Property History for 1011 South 47th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Paul Robeson High School For Human Services 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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