532 South 4th Street
532 South 4th Street
$649,000
—
2,787
2,787
$233
Closed 7/21/22
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
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleOther
WaterfrontNo
GarageNo
SubdivisionQUEEN VILLAGE
SubdivisionQUEEN VILLAGE (PHILADELPHIA PA)
Location
LISTING UPDATED: 09/01/2023 05:17 PM
Property Details for 532 South 4th Street
Status | Closed |
---|---|
MLS # | PAPH2038642 |
Days on Market | 233 |
Taxes | $6,698 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1950 |
Lot Size | 0.02 AC / 928 SF |
County | Philadelphia County |
Building
Location
Building Information for 532 South 4th Street
Stories3Residences-Year Built1950Building Size-Lot Size0.02 AC / 928 SF
Payment Calculator
$4,100 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 532 South 4th Street
Property History for 532 South 4th 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 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.
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