2200 Wallace Street
2200 Wallace Street
Closed 10/25/22
Closed 10/25/22
Description
On a quaint street in the highly desirable neighborhood of Fairmount, an incredible investment opportunity awaits you. This income-generating duplex features separate one and two-bedroom units, each with their own unique touches.
Unit one encompasses the entire first level of this home. Making your way through the entrance,...Part of an Iconic Investment Portfolio of 4 Fairmount Multi-Family Properties. See additional listings at 2201, 2205 and 2209 Mt Vernon. Can be purchased separately or as a package.
On a quaint street in the highly desirable neighborhood of Fairmount, an incredible investment opportunity awaits you. This income-generating duplex features separate one and two-bedroom units, each with their own unique touches.
Unit one encompasses the entire first level of this home. Making your way through the entrance, you are immediately greeted by a spacious living room that features oversized windows, plush carpeting, custom built-in shelving, and recessed lighting. Through the living room is the gourmet kitchen, equipped with a plethora of wooden cabinetry, state of the art appliances, and upgraded countertops. Nestled in the back of this unit sits the grand primary suite accented with rustic exposed brick and ample closet space. The primary suite enjoys the use of a tiled full hall bath. This unit is complete with an expansive backyard brick patio that has plenty of space to accommodate an outdoor gathering with family and friends or a large private gardening area, and an exclusive laundry room on the lower level.
The two bedroom, one bathroom second unit is wonderfully spread across two floors. A sun soaked living room welcomes you into the unit, adorned with custom built-in shelves, sophisticated exposed brick, and oversized windows. Find your way to the carpeted hallway and step into the first bedroom, complete with plush carpeting, extensive closet space, and an elegant chandelier light fixture. Further down the hall is the luxurious kitchen that features stainless steel appliances, an abundance of wooden cabinetry, artistic wooden floors, and an expertly detailed tile backsplash. Make your way upstairs to the tasteful second floor loft that hosts the charming primary suite accented with carpeting, a wonderful view of the living room below, a fortune of natural light, and recessed lighting. The primary suite enjoys the use of a masterfully tiled ensuite bathroom that hosts a large single vanity and washer/dryer.
Unit one is currently vacant, and Unit 2’s lease ends at the midway point of July 2022 with a monthly rent of $1825.
This property sits just steps away from the beautiful lush greenery of Corinthian Gardens. Here, community members plant gorgeous vegetation and manicure them daily, adding a breath of fresh air to the neighborhood. Conveniently located just a block off of Fairmount Avenue, there are many local happenings and amenities just a short walk away, including the Eastern State Penitentiary, Zorba’s Tavern, A Mano, Jack’s Firehouse, and more!
The City of Philadelphia has completed a real estate tax reassessment, effective January 1, 2023. If you have any questions or concerns about the impact of this reassessment on future real estate taxes, please contact the City of Philadelphia. Compass RE is not involved in the City of Philadelphia’s tax reassessment and does not have any input or control in the results.
Listing Agent
![Jonathan Fink]()
jonathan.fink@compass.comP: 215.805.5276
Property Details for 2200 Wallace Street
Location
Sold By Keller Williams Philly
Property Details for 2200 Wallace Street
| Status | Closed |
|---|---|
| MLS # | PAPH2131252 |
| Days on Market | 81 |
| Taxes | $6,324 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1920 |
| Lot Size | 0.03 AC / 1,235 SF |
| County | Philadelphia County |
Location
Sold By Keller Williams Philly
Virtual Tour
Building Information for 2200 Wallace Street
Payment Calculator
$4,074 per month
30 year fixed, 7.25% Interest
$3,547
$527
$0
Property Information for 2200 Wallace Street
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19130 (19130)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Association Recreation Fee Y/N: No
- Type of Condo
- Tax Year: 2022
- Tax Assessed Value: $451,800
- Year Assessed: 2022
- County Tax: $0
- Improvement Assessed Value: $316,260
- City Town Tax: $2,854
- Land Assessed Value: $135,540
- Clean Green Assessed: No
- Land Use Code: N50
- Historic: Yes
- Zoning: RSA5
- Tax Lot: 148
- School Tax: $3,470
- Automatically Update Tax Values Y/N: Yes
- Concessions: Yes
- Concessions Amount: $10,000
- Single Room Units Count: 0
- One Bedroom Units Count: 1
- Two Bedroom Units Count: 1
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2
- Units Leased Count: 1
- Number Of Units Vacant: 1
- Number Of Units Month To Month: 0
- Rent Control: No
- Type: Unit 1
- Unit Type Occupied YN: No
- Level: 1
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Features: garden
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Level: 2
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Features: bi level loft
- Gross Scheduled Income: $41,100
- Annual Rental Income: $40,000
- Existing Lease Type: Yearly
- Building Units Total: 2
- Total Finished SQFT: 2,187.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,187.00
- Total SQFT: 2,187.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Foundation Details: Stone
- Lot Size Source: Assessor
- Lot Size Dimensions: 19.00 x 65.00
- Lot Dimensions Source: Assessor
- Parcel ID: 965398
- Type Of Parking: On Street
- Fireplaces Count: 0
- Accessibility Features: Doors - Swing In
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Property History for 2200 Wallace Street
| Date | Event & Source | Price | Appreciation |
|---|
| 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 2200 Wallace Street
Schools near 2200 Wallace Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 5 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Bache-Martin School PublicPK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Masterman Julia R Secondary School Public5 to 12 | ||
Franklin LC 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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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.