Views
Address
245 S Hanson Street, Philadelphia, PA
Price
$ 400,000
Property Attributes
- MLS#PAPH2352012
- TypeContingent
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19139
- NeighborhoodWalnut Hill
- Zip19139
- Style
- Year Built1951
- Taxes$ 7101
- Price$ 400,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.04 Acres
Data Source:
Bright MLS
Property Description
Discover this prime investment opportunity in the bustling Walnut Hill neighborhood, featuring a five-unit building comprised of two store fronts, two 1-bedroom 1-bath apartments, and one 3-bedroom 1-bath apartment. Each unit has their own entrance adding an element of privacy that is hard to find. Situated near University City, this property is located in close proximity to prestigious universities and a plethora of amenities ensuring convenient living. Currently zoned as RM-1, allowing investors to maximum potential for income generation and equity growth. The property has been well maintained and will need cosmetic repairs in order to get the units in rent ready condition. This location is perfect for renting out to students due to its close proximity to University City which will help decrease vacancy and keep the units rented. This can be a great opportunity for someone looking to live in one unit and rent the others out to offset the mortgage and decrease living expenses. Or this can be a great property for West Philadelphia investors looking to add this to their rental portfolio. Buyer's are responsible for verifying zoning and use possibilities. A clear U&O will not be provided by the sellers. With a Walk Score of 90, daily errands are easily achievable without a car. A Transit Score of 77 suggests outstanding transit options, ensuring convenient transportation for traveling around the city. Furthermore, a Bike Score of 99 highlights excellent biking infrastructure in the area. Close-by dining options include J & P Seafood, Quick & Quality, and Pizza Plus West, among others. Nearby educational facilities comprise The Workshop School, Lea C. Henry School, and Beulah Baptist Christian Day School. Convenient grocery options include Quick Stop Deli, Fili Kale, and The Herb Nook. Just nine-minutes away from the MFL Frankford TC at the 46th St Station - MFL stop. The property is also close to parks such as Chicken Park, Black Oak Park, and Cedar Park. Enjoy unparalleled convenience with easy access to transit, universities, dining, shopping, and entertainment options. Don't miss out on this exceptional investment opportunity in a highly sought-after location. Schedule a viewing today to explore its potential for lucrative returns. Schedule your exclusive tour today and seize the chance to make this property your own!
| Price History | |
|---|---|
| 5/9/2024 | Listed $400,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Radiator |
| Cooling | Window Unit(s) |
| Possession | Immediate |
| Roof | Flat |
| Exterior Features | Sidewalks,Street Lights |
| Zoning | RM-1 |
| Architectural Style | Other |
| Construction Materials | Masonry |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
| Year Built | 1951 |
| View | Street |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | WALNUT HILL |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Transportation | Airport less than 10 miles,Bus Stop less than 1 mile,Commuter Rail Station less than 1 mile |
| Status | ACTIVE UNDER CONTRACT |
| Directions | Coming from the north side of S 48th St,go straight,and turn right onto Walnut St,then make a left turn onto Hanson St. Continue driving straight; the property will be on the left,a corner property b |
| ModificationTimestamp | 2024-06-17T15:40:57 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 3 |
| NumberOfUnitsTotal | 4 |
| MLS Area | 19139 (19139) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 1748.00 |
| Tax Assessed Value | 507300.0 |
| Waterfront Y/N | No |
| Tax Annual Amount | 7101.0 |
| Home Warranty Y/N | No |
| Structure Type | Other |
| Single Room Units Count | 2 |
| One Bedroom Units Count | 2 |
| Price Per Sq Ft Total AG | 95.24 |
| Acceptable Financing | Cash,Conventional,Other |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://view.ricoh360.com/46a25d73-c065-4c82-98f9-deda4bb6ac60 |
| Total SQFT | 4200 |
| Days on Market | 40 |
| Location Type | Urban |
| Standard Status | Active Under Contract |
| Year Built Source | Estimated |
| Tax Lot | 100 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas,Electric |
|---|---|
| Basement | Unfinished |
| Flooring | Wood,Vinyl |
| Hot Water | Natural Gas |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Central Air Y/N | No |
| LivingAreaSource | Estimated |
| Three Bedroom Units Count | 1 |
Exterior Features
| Pool | No Pool |
|---|---|
| Lot Features | Rear Yard |
| Water Source | Public |
| Type of Parking | On Street |
| Land Use Code | CA0 |
| Foundation Details | Stone |
| Spa | No |
| Water View Y/N | No |
| Lot Size Acres | 0.04 |
| Lot Size Source | Estimated |
| Land Assessed Value | 152190.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 19139
Price
Taxes
Visits
Year Built
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