4338 Cresson Street

Philadelphia, PA 19127

$585,000
Last Sold Price
5
Beds
3
Baths
2,900 Sq. Ft.
$202 / Sq. Ft.
2,900
Sq. Ft.
$202
per Sq. Ft.

Description

Welcome to 4338 Cresson Street! This triplex is located in the heart of Manayunk and offers a wonderful investment opportunity for the next owner. The property consists of a commercial/storefront unit which is an established hair salon (currently renting for $1,250/mo. plus the tenant pays the property's full water bill), a two bedroom / one bathroom residential unit (currently renting for $1,600/mo.) and a three bedroom / two bathroom unit (currently renting for $1,950/mo.) which results in a total...Welcome to 4338 Cresson Street! This triplex is located in the heart of Manayunk and offers a wonderful investment opportunity for the next owner. The property consists of a commercial/storefront unit which is an established hair salon (currently renting for $1,250/mo. plus the tenant pays the property's full water bill), a two bedroom / one bathroom residential unit (currently renting for $1,600/mo.) and a three bedroom / two bathroom unit (currently renting for $1,950/mo.) which results in a total rent roll of $4800/mo. (or $57,600/yr). Many recent improvements have been made to the property at the expense of the current owner including: window replacement, new appliances, plumbing repairs, electrical repairs, and HVAC repairs/improvements. This must-see, low-maintenance property provides stable income in an established, walkable location! All units are currently occupied so notice is needed and the property can only be shown on certain days/times.
  1. Listed by John S Duffy • Duffy Real Estate-Narberth
    P: 6106676655 john.s.duffy@duffyrealestate.com
  2. Listed by Julia Holland • Duffy Real Estate-Narberth
    P: 2153851088 julia.holland@duffyrealestate.com

Property Details for 4338 Cresson Street

Tax ID Number
871527230
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Expected On Market Date
09-21-2022
Municipality
PHILADELPHIA

Location

Listing Courtesy of Duffy Real Estate-Narberth

Sold By Canaan Realty Investment Group

Add your commute
LISTING UPDATED: 04/26/2023 03:12 PM

Property Details for 4338 Cresson Street

StatusClosed
MLS #PAPH2160116
Days on Market175
Taxes$3,591 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.03 AC / 1,231 SF
CountyPhiladelphia County

Location

Listing Courtesy of Duffy Real Estate-Narberth

Sold By Canaan Realty Investment Group

Add your commute

Building Information for 4338 Cresson Street

Stories-Residences3Year Built1900Building Size-Lot Size0.03 AC / 1,231 SF

Payment Calculator

$3,492 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,193

Property Taxes

$299

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4338 Cresson Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19127 (19127)
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
Association / Community Info
Association / Community Info
  • Type of Condo
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $256,600
  • Year Assessed: 2023
  • Improvement Assessed Value: $205,280
  • City Town Tax: $1,620
  • Land Assessed Value: $51,320
  • Clean Green Assessed: No
  • Land Use Code: Y50
  • Zoning: RSA5
  • Tax Lot: 117
  • School Tax: $1,970
  • 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: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Leased Count: 3
Multi Family
Unit 1
  • Type: Unit 1
  • Level: 2
  • Beds Total: 3
  • Full Baths Count: 2
Unit 2
  • Type: Unit 2
  • Level: 1
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 0
  • Half Baths Count: 1
  • Unit Type Features: Storefront, tenant pays full building water bill
Financial Information
Expenses
  • Insurance Expense: $2,700
Financial Information
  • Net Operating Income: $47,000
  • Annual Rental Income: $57,600
  • Cap Rate: 7.52
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,900.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 18.00 x 68.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 997497
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Fireplaces Count: 0
  • Appliances: Washer, Dryer, Oven/Range - Gas, Refrigerator, Water Heater
  • Accessibility Features: Ramp - Main Level
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas, Electric
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 4338 Cresson 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 4338 Cresson Street

Taxable ValueLand$51,320Additions$205,280Total$256,600
Tax Record2023$3,592 ($299 / month)
Home Facts
Total Finished SqFt2,900 SqFtAbove Grade Finished SqFt2,900 SqFtStories3Lot Size1,231 SqFtStyleOffice BuildingYear Built1900ZoningRSA5CountyPHILADELPHIAAPN87-1-5272-30

Schools near 4338 Cresson Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Cook-Wissahickon School
PublicPK to 8

Roxborough High School
Public9 to 12

Middle Years Alternative School
Public5 to 8

Arts Academy at Benjamin Rush
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.

Similar Homes

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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.

Listing Courtesy of Duffy Real Estate-Narberth

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.