922 South 49th Street

Philadelphia, PA 19143

$975,000
Price
$975,000
Price
Studio
Beds
4,500 Sq. Ft.
$217 / Sq. Ft.

Property Details

StatusActive
MLS #PAPH780916
Year Built1900
DOM27
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Lot Size0.06 AC / 2,613 SF
Taxes$5,154 / year
Condo/Co-op Fees-
HOA Fees-
CountyPhiladelphia County

Listed By

Contact Agent(s)

Property Details

Ownership
Fee Simple
Style
Other
Structure Type
Row/Townhouse

Description

Introducing 922 S 49th, a fully-leased and totally renovated income-producing 4500 SF quadplex (4 units) ideally located in University City Philadelphia, the region's leading employment hub which drives Philly's prominent "eds and meds" high-skilled/paid workforce. Units are leased significantly under market, offering the new owner/operator immediate increased yield in Year 1+. Current NOI is strong with 62K but pro forma projections equate to 78K. Pro forma cap rate raises to 8% with market rents...

Listed By

Building Information

Stories-Residences4Year Built1900Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$4,359 per month

30 year fixed, 4.45% Interest

Principal and Interest

$3,929

Property Taxes

$430

HOA Dues

$0

Property Information for 922 South 49th Street

Listing / Compensation / Market Information
    Listing Information
  • Real Estate Owned: No
  • Short Sale: No
Interior / Building / Parking / Property Information
    Interior Details
  • Above Grade Fin SQFT: 4500
  • Above Grade Finished Area Units: Square Feet
  • Total Finished SQFT: 4500
    Interior Features
  • Central Air: Yes
  • Cooling Type: Central A/C
  • Heating: Yes
  • Heating Type: Central
    Parking Information
  • Garage: No
  • Type Of Parking: On Street
    Pool / Spa Information
  • Pool: No Pool
    Location Information
  • MLS Area: 19143 (19143)
  • Sub System Locale: BRIGHT_MAIN
  • System Locale: BRIGHT
  • Tidal Water: No
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Waterfront: No
    School Information
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
    Building Information
  • Accessibility Features: None
  • Building Units Total: 4
  • Building Total SQFT: 3348
  • Construction Materials: Stone
  • New Construction: No
  • Other Structures: Above Grade, Below Grade
    Green Information
  • Clean Green Assessed: No
    Association Information
  • HOA: No
    Unit Information
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Three Bedroom Units Count: 1
  • Two Bedroom Units Count: 2
    Income / Expense Information
  • Net Operating Income: $62,400
  • Operating Expense: $15,600
  • Annual Rental Income: $78,000
    Property Information
  • Land Use Code: G58
  • Lot Size Dimensions: 22.00 x 110.00
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • Lot SQFT: 2420
  • Lot Size Acres: .06
  • Navigable Water: No
  • Zoning: RSA3
  • Age: 1900.0
    Utilities Information
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Central
  • Hot Water: Natural Gas
  • Sewer Septic: Public Sewer
  • Water Source: Public
Room Information
    Basement
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT Source: Assessor
Tax / Assessment / Sale Information
    Tax / Assessment Information
  • City Town Tax: $2,326
  • School Tax: $2,828
  • Tax Annual Amount: $5,154
  • Tax Lot: 81
  • Tax Year: 2019
  • Tax ID Number: 511003805
  • Year Assessed: 2019
  • Improvement Assessed Value: $313,000
  • Land Assessed Value: $55,200
  • Tax Assessed Value: $368,200
    Sale Information
  • Cap Rate: 6.40
  • Possession: Immediate
  • Prospects Excluded: No
  • Sale Type: Standard
  • Vacation Rental: No

Property History for 922 South 49th Street

DateEvent & SourcePriceAppreciation
Mar 29, 2019Listed (Active)

BRIGHT #PAPH780916

$975,000
Jun 21, 2016Closed

Public Record #574631165

$392,500

+9.3% / yr

Jun 6, 2016Closed

BRIGHT #1002415524

$392,500
DateEvent & SourcePrice
03/29/2019
Listed (Active)

BRIGHT #PAPH780916

$975,000
06/21/2016
Closed

Public Record #574631165

$392,500

+9.3% / yr

06/06/2016
Closed

BRIGHT #1002415524

$392,500

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

Public Records

Taxable ValueLand$46,530Additions$263,670Total$310,200
Tax Record2018$4,342
Home Facts
Finished Sq.Ft.3,348 SqFtStories3Lot Size2,420 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningRSA3CountyPhiladelphiaAPN511003805

Schools in Philadelphia, PA

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
St Francis De Sales SchoolPrivateK-80.2 mi
NR
Crusaders for Christ Christian AcademyPrivatePK-80.3 mi
NR
Hms School For Children With Cerebral PalsyPrivate0.4 mi
NR
Shaw Anna H Middle SchoolPublic7-80.5 mi
NR

St Francis De Sales School

K-8, 0.2 mi, Private

NR

Crusaders for Christ Christian Academy

PK-8, 0.3 mi, Private

NR

Hms School For Children With Cerebral Palsy

0.4 mi, Private

NR

Shaw Anna H Middle School

7-8, 0.5 mi, Public

NR

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.

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. No financial or legal advice provided. Equal Housing Opportunity.
The data relating to real estate for sale on this Virtual Office Website is provided in part, by BRIGHT through a licensing agreement. This website may reference real estate listing(s) held by a brokerage firm other than Compass. The information provided by this website is for the personal, non-commercial use of consumers with whom Compass has first established a broker-consumer relationship (as defined by applicable state law) and may not be used for any purpose other than to identify prospective properties such persons may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals. The data contained herein is copyrighted by BRIGHT and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. © 2019 BRIGHT MLS, All Rights Reserved. All rights reserved.