532 South 4th Street

Philadelphia, PA 19147

$649,000
Last Sold Price
Beds
2,787 Sq. Ft.
$233 / Sq. Ft.
2,787
Sq. Ft.
$233
per Sq. Ft.

Description

Location, Location, Location! This mixed use Investment Opportunity in the desirable Queen Village neighborhood has the ability to be a Cash Cow! The first floor, spanning the entire lot, houses a barber shop with 6 independent styling stations. The seller, who has had recent health problems, used to rent every station out for $350.00 per week. There is currently 1 station rented out, the other ones are not being used. The demand is there, but there is no one to promote or manage the style station...Location, Location, Location! This mixed use Investment Opportunity in the desirable Queen Village neighborhood has the ability to be a Cash Cow! The first floor, spanning the entire lot, houses a barber shop with 6 independent styling stations. The seller, who has had recent health problems, used to rent every station out for $350.00 per week. There is currently 1 station rented out, the other ones are not being used. The demand is there, but there is no one to promote or manage the style station rentals. Take advantage of this now, and bring the cash in. This part of the property is in a turn key situation including all equipment, forced air heating and central air conditioning, high ceilings and a convenient bathroom. The second and third floors have a bilevel 3 bedroom, 1 bathroom apartment with its own forced air heating system, which could use some cosmetic upgrades, and has its own separate entrance from South Street. With a minimal amount of improvements, this unit should easily rent for $2,700.00 per month. So, lets do the math; if the stations in the commercial space were all rented, that would bring in over $9,000.00 per month, and the apartment $2,700.00 per month. That's $11,700.00 per month on a $649,000.00 asking price! The location is second to none, just a few doors down from the famous Jim's Steaks, Milkboy, and Copa. It has plenty of foot traffic, retail shopping, cafes and restaurants. This one is a no-brainer! Make your move today!

Property Details for 532 South 4th Street

Tax ID Number
871024450
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
QUEEN VILLAGE
Subdivision
QUEEN VILLAGE (PHILADELPHIA PA)

Location

Add your commute
LISTING UPDATED: 09/01/2023 05:17 PM

Property Details for 532 South 4th Street

StatusClosed
MLS #PAPH2038642
Days on Market233
Taxes$6,698 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1950
Lot Size0.02 AC / 928 SF
CountyPhiladelphia County

Building

532 S 4th St

3 StoriesBuilt in 1950

Location

Add your commute

Building Information for 532 South 4th Street

Stories3Residences-Year Built1950Building Size-Lot Size0.02 AC / 928 SF

Payment Calculator

$4,100 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,542

Property Taxes

$558

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 532 South 4th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: 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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $478,500
  • Year Assessed: 2021
  • County Tax: $0
  • Improvement Assessed Value: $382,800
  • City Town Tax: $3,023
  • Land Assessed Value: $95,700
  • Clean Green Assessed: No
  • Land Use Code: Y50
  • Zoning: CMX3
  • Tax Lot: 102
  • School Tax: $3,675
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Concessions: Yes
  • Concessions Amount: $19,470
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 2,787.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 16.00 x 58.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 1416404
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
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS
  • List Agent URL: www.mccannteam.com

Property History for 532 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 532 South 4th Street

Taxable ValueLand$109,700Additions$438,900Total$548,600
Tax Record2023$7,679 ($640 / month)
Home Facts
Total Finished SqFt2,787 SqFtAbove Grade Finished SqFt2,787 SqFtStories3Lot Size928 SqFtStyleOffice BuildingYear Built1900ZoningCMX3CountyPHILADELPHIAAPN87-1-0244-50

Schools near 532 South 4th Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
McCall Gen George A School
PublicK to 8

Franklin Benjamin High School
Public9 to 12

Constitution High School
Public9 to 12

Academy At Palumbo
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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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.