3407 Wallace Street

Philadelphia, PA 19104

$1,190,000
Price
Beds
5,082 Sq. Ft.
$234 / Sq. Ft.
5,082
Sq. Ft.
$234
per Sq. Ft.

Description

OPPORTUNITY knocks! Own a fully occupied 5-unit building in one of Philadelphia's Opportunity Zones. This 6-year young building sits on a 24x110 lot, has 3 to 4 years left on the tax abatement and brings in around $85,778 in gross annual rent. Unit #1 features a 2 bed, 1 bath unit for $1000/month. Unit #2 features a 4 bed, 2 bath unit for $1750/month. Unit #3 features a 2 bed, 1 bath unit for $1199/month. Unit #4 features a 4 bed, 2 bath unit for $1700/month. Unit #5 features a 3 bed, 2 bath unit...

Property Details for 3407 Wallace Street

Expected On Market Date
09-08-2020
Municipality
PHILADELPHIA
Ownership
Fee Simple
Style
Other
Structure Type
Other

Location

Property Details for 3407 Wallace Street

StatusActive
MLS #PAPH930186
Days on Market323
Taxes$1,427 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2013
Lot Size0.06 AC / 2,662 SF
CountyPhiladelphia County

Listing Agent

Contact Agent(s)

Location

Listing Agent

  1. Keith Adams

    Keith Adams

    Listing Agent

    Compass

Building Information for 3407 Wallace Street

Stories-Residences4Year Built2013Building Size-Lot Size0.06 AC / 2,662 SF

Payment Calculator

$4,107 per month

30 year fixed, 2.95% Interest

Principal and Interest

$3,988

Property Taxes

$119

HOA Dues

$0

Property Information for 3407 Wallace Street

Location Info
    School Info
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
    Location Info
  • MLS Area: 19104 (19104)
  • Historic: No
  • Tidal Water: No
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Waterfront: No
Association / Community Info
    Association / Community Info
  • HOA: No
Taxes and Assessment Info
    Tax Info
  • Tax Annual Amount: $1,427
  • Tax Year: 2021
  • School Tax: $783
  • City Town Tax: $644
  • Clean Green Assessed: No
  • Zoning: RM1
  • Tax Lot: 91
  • Tax ID Number: 881808641
    Assessment Info
  • Tax Assessed Value: $101,940
  • Year Assessed: 2021
  • Land Assessed Value: $101,940
Financial Info
    Utilities
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Sewer Septic: Public Sewer
  • Water Source: Public
    Financial Info
  • Gross Scheduled Income: $85,788
Building Info
    SQFT
  • Above Grade Finished SQFT: 5082
  • Below Grade Finished SQFT: 0
  • Below Grade Unfinished SQFT: 0
  • Total Finished SQFT: 5082
  • Tax Total Finished SQFT: 5082
    Structure
  • Building Units Total: 4
  • Other Structures: Above Grade, Below Grade
  • Accessibility Features: None
  • Construction Materials: Masonry
  • New Construction: No
  • Year Major Reno Remodel: 2013
    Unit Info
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
Lot Info
    Lot Info
  • Property Type: Multi-Family
  • Land Use Code: CA0
  • Lot Dimensions Source: Assessor
  • Lot Size Dimensions: 24.20 x 110.00
  • Lot Size Source: Assessor
  • Lot SQFT: 2662
  • Lot Size Acres: .06
  • Navigable Water: No
  • Property Condition: Very Good
  • Age: 2013
Parking
    Parking
  • Garage: No
  • Type Of Parking: On Street
Interior Features
    Interior Features
  • Interior Features: Intercom, Sprinkler System, Wood Floors
  • Appliances: Stainless Steel Appliances
  • Fireplace: No
  • Fireplaces Count: 0
  • Flooring Type: Hardwood
  • Central Air: Yes
  • Cooling Type: Central A/C
  • Heating: Yes
  • Heating Type: Forced Air
Exterior Features
    Exterior Features
  • Pool: No Pool
  • Security Features: Exterior Cameras

Property History for 3407 Wallace Street

DateEvent & SourcePriceAppreciation
Mar 1, 2021

Price Change

BRIGHT #PAPH930186

$1,190,000
Oct 9, 2020

Price Change

BRIGHT #PAPH930186

$1,250,000
Sep 8, 2020

Listed (Active)

BRIGHT #PAPH930186

$1,300,000
DateEvent & SourcePrice
03/01/2021

Price Change

BRIGHT #PAPH930186

$1,190,000
10/09/2020

Price Change

BRIGHT #PAPH930186

$1,250,000
09/08/2020

Listed (Active)

BRIGHT #PAPH930186

$1,300,000

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

Public Records for 3407 Wallace Street

Taxable ValueLand$101,940Additions$237,860Total$339,800
Tax Record2021$1,426 ($119 / month)
Home Facts
Total Finished SqFt5,082 SqFtAbove Grade Finished SqFt5,082 SqFtUnfinished Basement SqFt1,240 SqFtStories3Lot Size2,662 SqFtStyleMulti-Family Res (5+ Units)Year Built2013CountyPHILADELPHIAAPN881808641

Schools near 3407 Wallace Street


SchoolTypeGradesDistanceRating
Mcmichael Morton SchoolPublicPK-80.1 mi
3
Montessori Genesis II SchoolPrivatePK-40.1 mi
NR
Science Leadership Academy Middle SchoolPublic0.2 mi
NR
Caring CenterPrivatePK-20.3 mi
NR

Mcmichael Morton School

PK-8, 0.1 mi, Public

3

Montessori Genesis II School

PK-4, 0.1 mi, Private

NR

Science Leadership Academy Middle School

0.2 mi, Public

NR

Caring Center

PK-2, 0.3 mi, Private

NR

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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3407 Wallace Street is a multi-family home for sale in Philadelphia, PA 19104. This property was listed for sale on September 8, 2020 by Compass at $1,190,000. This listing's school district is Philadelphia City School District. Nearby schools include Mcmichael Morton School, Montessori Genesis II School and Science Leadership Academy Middle School. 3407 Wallace Street is a 0-bed, 0-bath, 5,082 sqft multi-family home built in 2013.

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. No financial or legal advice provided. Equal Housing Opportunity.

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