502 South 4th Street

Philadelphia, PA 19147

$1,300,000
Price
6
Beds
5
Baths
3,424 Sq. Ft.
$380 / Sq. Ft.
3,424
Sq. Ft.
$380
per Sq. Ft.

Description

INVESTOR / OWNER OCCUPIED ALERT!! Great opportunity to live in a 4 Unit Corner Apt building (over 3,400 sf.) in prime Society Hill location. Use the 3 rented apts. to pay your mortgage for instant equity. Or keep it rented and start making $51,000 in income now! Rents are below market so raise the rents and make more $. Unit 4 is 1700 sf and makes an ideal owners unit occupying the top two floors of the building- 3 bedrooms/2.5 bath bright corner unit with windows on two sides, spacious kitchen with...INVESTOR / OWNER OCCUPIED ALERT!! Great opportunity to live in a 4 Unit Corner Apt building (over 3,400 sf.) in prime Society Hill location. Use the 3 rented apts. to pay your mortgage for instant equity. Or keep it rented and start making $51,000 in income now! Rents are below market so raise the rents and make more $. Unit 4 is 1700 sf and makes an ideal owners unit occupying the top two floors of the building- 3 bedrooms/2.5 bath bright corner unit with windows on two sides, spacious kitchen with stainless dishwasher, microwave and beamed ceiling plus roof access for fabulous city views and potential for a roof deck. Building is currently FULLY RENTED- Unit 4 is rented for $2,300/mo. Unit 1 is a studio ($900); Unit 2 is a 1 bedroom/1bath ($1,200); Unit 3 is a 1 bedroom/ 1.5 bath bi level ($1,300). All UTILITIES SEPARATED and Tenants pay own electric and gas. 4 gas furnaces and 4 NEW gas hot water heaters ( 2018, 2019, 2021, 2021). Landlord pays only cold water and common electric. Low vacancy, well maintained and always easy to rent in this Premier location. Coin op washer and dryer in basement provides additional $1,000 yearly income. Convenient to hospitals, restaurants, shops, with easy access to NJ, plus McCall Elementary catchment. Start making money NOW!

Listing Agent

Property Details for 502 South 4th Street

Tax ID Number
051079600
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Dwelling with Rental, Unit/Flat, Bi-level
Waterfront
No
Views
City, Street
Garage
No
Expected On Market Date
11-30-2022

Location

Add your commute
LISTING UPDATED: 12/02/2022 02:45 PM

Property Details for 502 South 4th Street

StatusActive
MLS #PAPH2181386
Days on Market6
Taxes$11,786 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.02 AC / 780 SF
CountyPhiladelphia County

Location

Add your commute

Virtual Tour

Building Information for 502 South 4th Street

Stories-Residences4Year Built1920Building Size-Lot Size0.02 AC / 780 SF

Payment Calculator

$7,549 per month

30 year fixed, 6.49% Interest

Principal and Interest

$6,567

Property Taxes

$982

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502 South 4th Street

Location
    Location
  • Transportation: Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • Elementary School: MC CALL GEN GEORGE (PHILADELPHIA PA)
  • ElementarySchoolSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19147 (19147)
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: 2022
  • Tax Assessed Value: $842,000
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $673,600
  • City Town Tax: $5,318
  • Land Assessed Value: $168,400
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: U70
  • Refuse Fee: $500
  • Zoning: RM1
  • Tax Lot: 331
  • School Tax: $6,467
  • Automatically Update Tax Values Y/N: Yes
Unit Information
    Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Number Of Units Month To Month: 1
Multi Family
    Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 1
  • Full Baths Count: 1
    Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
  • Unit Type Features: Studio
    Unit 3
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Half Baths Count: 1
  • Full Baths Count: 2
  • Unit Type Features: Perfect Owners Unit or keep as rental. Currently rented until 7/31/2023 at $2300/mo.
    Unit 4
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
    Expenses
  • Insurance Expense: $2,630
  • Trash Expense: $500
    Financial Information
  • Gross Income: $69,400
  • Net Operating Income: $51,040
  • Annual Rental Income: $68,400
  • Income Includes: Apartment Rentals, Laundry
  • Existing Lease Type: Yearly, Month to Month
Building Info
Lot / Land Information
    Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 15.00 x 52.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Corner
  • Location Type: Corner Lot/Unit
  • Parcel ID: 905139
  • Ground Rent Exists: No
Parking
    Parking
  • Type Of Parking: On Street
  • Parking Features: Public
Interior Features
    Interior Features
  • Interior Features: Built-Ins
  • Fireplace: No
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
    Exterior Features
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
    Utilities
  • Utilities: Cable TV
  • Heating: Yes
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 502 South 4th 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 502 South 4th Street

Taxable ValueLand-Additions-Total-
Tax Record2022$12,871 ($1,073 / month)
Home Facts
Total Finished SqFt3,424 SqFtAbove Grade Finished SqFt3,424 SqFtStories4Lot Size780 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRM1CountyPHILADELPHIAAPN05-1-0796-00

Schools near 502 South 4th Street

This home is within Philadelphia City School District.
RatingSchoolTypeGradesDistance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 8
RatingSchoolDistance
McCall Gen George A School
PublicK to 8

Franklin Benjamin High School
Public9 to 12

Constitution High School
Public9 to 12

Vare-Washington Elementary School
PublicPK to 8

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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502 South 4th Street is a multi-family home for sale in Philadelphia, PA 19147. This property was listed for sale on November 30, 2022 by Compass at $1,300,000. It has been on the market for a total of 6 days and was last sold on May 11, 2004. This listing's school district is Philadelphia City School District. Nearby schools include McCall Gen George A School, Franklin Benjamin High School and Constitution High School. 502 South 4th Street is a 6-bed, 5-bath, 3,424 sqft multi-family home built in 1920.

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.

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.