3817 Wallace Street
3817 Wallace Street
$790,000
10
8
3,110
3,110
$254
Closed 4/6/23
New Construction
Description
Incredible investment opportunity in a high growth area of University City! 3815-17 Wallace St includes two mirror image new construction 4 unit buildings with over 8 years left on a full 10 year Tax Abatement and is being offered with 623 N 36th St as an 11 UNIT PORTFOLIO. Buy them individually or together. Each side boasts two 2 bedroom and two 3 bedroom apartment units with top quality finishes, central A/C, and in-unit laundry. Half of the units have either a private patio or a private roof deck....Incredible investment opportunity in a high growth area of University City! 3815-17 Wallace St includes two mirror image new construction 4 unit buildings with over 8 years left on a full 10 year Tax Abatement and is being offered with 623 N 36th St as an 11 UNIT PORTFOLIO. Buy them individually or together. Each side boasts two 2 bedroom and two 3 bedroom apartment units with top quality finishes, central A/C, and in-unit laundry. Half of the units have either a private patio or a private roof deck. Get the best of both worlds with new construction buildings that do not require any work while still boasting a value add opportunity to lease at rates more in line with the market after an initial lease up during the midst of the covid lockdowns and the ability to benefit from the nearby construction boom. Great location with new construction all around, including a 30+ unit project on the same block and the neighborhood transforming development of Village Square in Haverford just over a block away. The highly anticipated uCity Square project featuring 8 million square feet of new office, lab, medical, academic, residential and commercial space is in progress just down the road. Close proximity to other economic and employment drivers such as Drexel University, Penn Presbyterian Hospital, University of Pennsylvania, the Schulykill Yards project, major transportation lines to Center City, I-76, and plenty favorite neighborhood restaurants and nightlife. All electric utilities for easy management. All three buildings are located in Federal Opportunity Zones and have a tax abatements allowing for incredibly low property taxes for many years to come. Operating Memorandum and additional lease and operations information are available upon request.
Listing Agents
Property Details for 3817 Wallace Street
Tax ID Number
242100600
OwnershipFee Simple
Structure TypeOther
StyleOther
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Central AirYes
Location
LISTING UPDATED: 04/13/2023 03:46 PM
Property Details for 3817 Wallace Street
Status | Closed |
---|---|
MLS # | PAPH2141756 |
Days on Market | 227 |
Taxes | $1,945 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2020 |
Lot Size | 0.03 AC / 1,440 SF |
County | Philadelphia County |
Location
Virtual Tour
Building Information for 3817 Wallace Street
Stories-Residences4Year Built2020Building Size-Lot Size0.03 AC / 1,440 SF
Payment Calculator
$4,473 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3817 Wallace Street
Property History for 3817 Wallace 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 3817 Wallace Street
Taxable ValueLand-Additions-Total-
Tax Record2023$1,946 ($162 / month)
Home Facts
Beds0Total Finished SqFt1,074 SqFtAbove Grade Finished SqFt1,074 SqFtStories2Lot Size1,440 SqFtStyleResidentialZoningRSA5CountyPHILADELPHIAAPN24-2-1006-00
Schools near 3817 Wallace Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Mcmichael Morton School PublicPK to 8 | ||
West Philadelphia High School Public9 to 12 | ||
Paul Robeson High School For Human Services Public9 to 12 | ||
Philadelphia Learning Academy - South 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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