Back 507 S 4th St
Off Market

507 S 4th St

Philadelphia PA 19147

0.02 ac.
Multi-Family
Ilya VorobeyIlya Vorobey, last sold this property on 29 December 2022 after 332 days on market.

Overview

Residential unit is rented out fully furnished at $4800/m. Commercial first floor and finished basement is vacant. Completely remodeled with city permits, 10 year tax abatement approved on the remodeling cost. Storefront with new commercial window and door, ADA compliant bathroom, finished basement with bilco doors and access from commercial space. Fire alarm. Bi-Level apartment on the second and third floor with separate entrance, 2 bedrooms, 1.5 baths, rooftop deck and much more. With only one unit occupied cap rate is close to 5.5%, with both units occupied projected cap is close to 9%

Features

0.02 ac. lot size
Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Philadelphia over the last 12 months.

Property history for 507 S 4th St

2022
Sold
Undisclosed
29 Dec 2022 by Ilya Vorobey
2022
Sold
$670,000
29 Dec 2022 by Edward Bederman, of Dan Real Estate, Inc.
2016
Sold
$410,000
01 Aug 2016 by Richard Turiccki

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