4506 Merion Avenue

Philadelphia, PA 19131

$557,500
Last Sold Price
Beds
3,000 Sq. Ft.
$186 / Sq. Ft.
3,000
Sq. Ft.
$186
per Sq. Ft.

Description

Fully rented ! Welcome to 4506 Merion Ave, Stunningly Finished, Brand New Duplex located in Belmont, one of the rapidly developing sections of Philadelphia. This Gorgeous Multi-Family New Construction Duplex was built by the meticulous and respected builder, NHA Development who spared no expense in building this property to ensure maximum rental income. As soon as you walk in, you will see how much special attentions have been giving to this exclusive high-quality finished duplex. This beautiful...Fully rented ! Welcome to 4506 Merion Ave, Stunningly Finished, Brand New Duplex located in Belmont, one of the rapidly developing sections of Philadelphia. This Gorgeous Multi-Family New Construction Duplex was built by the meticulous and respected builder, NHA Development who spared no expense in building this property to ensure maximum rental income. As soon as you walk in, you will see how much special attentions have been giving to this exclusive high-quality finished duplex. This beautiful Brand-New Duplex is conveniently located, and it provides easy access to all major transportation. The duplex sits on a generous size lot which allows all the units to be much larger than regular units. This amazing duplex offers almost 1500 sqft of livable space for each unit. Unit #1 is bi-level, offering over 1500 sqft with 3 extremely large bedrooms, 3 custom baths, and a huge backyard. Unit #2 is also bi-level, over 1500 sqft with 3 massive bedrooms, 3 custom baths, and an incredible rooftop deck. UNIT 1#2 ARE RENTED at 2000$. It is fully rented now ! THIS MONEY MACHINE IS COLLECTING $4000 in a month. THIS AMAZING DUPLEX IS GENERATING POSITIVE CASH FLOW With ZERO MAINTENANCE AND APPROVED 10 YEARS TAX ABATEMENT. All units feature high-quality flooring, state-of-the-art kitchen with shaker cabinets and stainless steel appliances, custom tile work all bathrooms, and more. This building is 1 block from BOTH the #10 and #36 trolleys for easy access to Drexel/Penn, Center City, and more. Both the #43 and #64 bus lines stop qt the corner as well in front of the building. This DUPLEX is not only in a convenient location, where property values are appreciating; but it's also located in the Qualified opportunity zone (QOZ) and approved 10 Years Tax Abatement making this a very secure investment. I invite you to take advantage of this life opportunity to own this stunning duplex. There is not much to say !. Actions speaks louder than words!. This is a life opportunity to own it. You will not be disappointed to see this duplex. Please reach out for showing.
  1. Listed by Gazi Ataseven • HomeSmart Realty Advisors
    P: 2677746886 gztsvn@gmail.com

Property Details for 4506 Merion Avenue

Tax ID Number
062032200
Ownership
Fee Simple
Structure Type
Other
Style
Bi-level
Waterfront
No
Garage
No
Expected On Market Date
05-26-2023
Municipality
PHILADELPHIA

Location

Listing Courtesy of HomeSmart Realty Advisors

Sold By HomeSmart Realty Advisors

Add your commute
LISTING UPDATED: 09/12/2023 03:31 PM

Property Details for 4506 Merion Avenue

StatusClosed
MLS #PAPH2240364
Days on Market110
Taxes$239 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2023
Lot Size0.02 AC / 945 SF
CountyPhiladelphia County

Location

Listing Courtesy of HomeSmart Realty Advisors

Sold By HomeSmart Realty Advisors

Add your commute

Building Information for 4506 Merion Avenue

Stories-Residences4Year Built2023Building Size-Lot Size0.02 AC / 945 SF

Payment Calculator

$3,062 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,043

Property Taxes

$20

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4506 Merion Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19131 (19131)
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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $17,100
  • Year Assessed: 2023
  • City Town Tax: $108
  • Land Assessed Value: $17,100
  • Clean Green Assessed: No
  • Land Use Code: SR
  • Zoning: RM1
  • Tax Lot: 195
  • School Tax: $131
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Taxes - Real Estate
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 2
  • Units Leased Count: 1
  • Number Of Units Vacant: 1
Financial Information
Financial Information
  • Gross Income: $24,000
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 3,000.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 14.00 x 68.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 912649
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: 60+ Gallon Tank
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 4506 Merion Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4506 Merion Avenue

Taxable ValueLand$17,100Additions-Total$17,100
Tax Record2023$239 ($20 / month)
Home Facts
Beds2Total Finished SqFt1,040 SqFtAbove Grade Finished SqFt1,040 SqFtStories2Lot Size945 SqFtStyleResidentialYear Built1920ZoningRM1CountyPHILADELPHIAAPN06-2-0322-00

Schools near 4506 Merion Avenue

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Middle Years Alternative School
Public5 to 8

Overbrook High School
Public9 to 12

Arts Academy at Benjamin Rush
Public9 to 12

Swenson Arts & Technology High School
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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Similar Sold 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 HomeSmart Realty Advisors

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.