4804 KINGSESSING AVE, Philadelphia, PA 19143 - MLS#PAPH2388392

Philadelphia, PA 19143,4804 KINGSESSING AVE

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Olson Realty

[email protected] +1(302) 448-6000

$599,000

Est. payment - /mo

2,460 SqFt

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UPDATED:

09/30/2024 03:24 PM

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,460 sqft

Price per Sqft $243

Subdivision Cedar Park

MLS Listing ID PAPH2388392

Style Unit/Flat

Abv Grd Liv Area 2,460

Originating Board BRIGHT

Year Built 1935

Annual Tax Amount $2,990

Tax Year 2024

Lot Size 2,340 Sqft

Acres 0.05

Lot Dimensions 20.00 x 117.00

Property Description

Perfect for an OWNER OCCUPANT or an INVESTOR, this special DUPLEX was FULLY GUT RENOVATED in 2016, has 3 YEARS LEFT ON A PHILADELPHIA 10 YEAR TAX ABATEMENT UNTIL 2027, is FULLY OCCUPIED and located on a Peaceful Tree Lined Street IN THE UNIVERSITY CITY AREA NEAR PENN, DREXEL, ST. JOSEPH’S UNIVERSITY (City Campus) and Cedar Park. Totaling nearly 2,500 Finished Square Feet, this lovely two story brick building with BELOW MARKET RATE RENTS has had NO VACANCY since its renovation. During the 2016 FULL GUT RENOVATION, the following WERE INSTALLED NEW (examples): Separate Unit Electric and Gas Meters; Roof, Windows, Electrical, Plumbing, Central HVAC, Kitchens, Bathrooms, Appliances, Water Line. Each Unit respectively has: an Open Kitchen with Granite Countertops, Stainless Steel Appliances Including Dishwasher, Subway Tile Backsplash, Tile Floor; Bathroom(s) featuring Dual Vanities, Tile Floor & Shower Walls; ITS OWN WASHER AND DRYER. The Two Units Have Separate Entrances on either end of the Sizable Shared NEW FRONT PORCH (Trex Decking). The second floor apartment, Unit B, has 3 Bedrooms, 2 Bathrooms, is rented for $1,938 per month with a PROJECTED MARKET RATE of $2,200 and has a 8/31/2025 lease expiration. The first floor apartment, Unit A, has 3 Bedrooms, 1 Bathroom, is Rented for $1,750 per month with a PROJECTED MARKET RATE of $2,000 and has a 4/30/2025 lease expiration. AN EASY WAY TO FURTHER INCREASE THE RENT WOULD BE TO INSTALL A SECOND BATHROOM. The Kitchen has a big Island Countertop with cabinetry. THE PRO FORMA WITH CURRENT AND PROJECTED RENTS AND EXPENSES IS UPLOADED TO THE LISTING. There is a great Shared BACKYARD with newer mulch, and a Shared Full Walk-In Unfinished BASEMENT (accessible from the property side). Each unit is projected to pay a $50 flat water fee per month; currently water is shared. There is a common area meter in addition to the separate unit meters. The property is Very WELL LOCATED: just 3 blocks west of beautiful Clark Park and the growing St. Joseph’s University City campus; only 4 blocks south of Baltimore Ave, a vibrant commercial corridor with great restaurants, coffee and other retail shops; the immediate area is Extra Quiet because S 48th St dead ends at Kingsessing Ave. STREET PARKING IS READILY AVAILABLE. Less than 2 blocks away are SEPTA Stops for 2 Different Public Transit Routes that run to and from University City & Center City: the Trolley (#13) at 49th & Chester Ave; the Regional Rail (Media/Wawa Line) at 49th St (between Kingsessing & Chester Ave’s). The current leases must be honored. Take advantage of this unique opportunity while it is still available!

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RTA-1

Rooms

Basement Full, Outside Entrance, Side Entrance, Unfinished

Interior

Interior Features Built-Ins, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Floor Plan - Open, Recessed Lighting, Bathroom - Tub Shower, Upgraded Countertops, Kitchen - Island

Hot Water Electric

Heating Central, Forced Air, Programmable Thermostat

Cooling Central A/C, Programmable Thermostat

Equipment Built-In Microwave, Built-In Range, Dishwasher, Disposal, Washer/Dryer Stacked, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Water Heater

Fireplace N

Appliance Built-In Microwave, Built-In Range, Dishwasher, Disposal, Washer/Dryer Stacked, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Water Heater

Heat Source Central, Natural Gas

Exterior

Exterior Feature Deck(s), Porch(es)

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available

Waterfront N

Water Access N

View City, Garden/Lawn, Scenic Vista, Trees/Woods

Accessibility None

Porch Deck(s), Porch(es)

Parking Type On Street

Garage N

Building

Lot Description Front Yard, Landscaping, Rear Yard

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 273120200

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Fire Detection System,Main Entrance Lock,Smoke Detector

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Michael Edward Cohen • KW Empower

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Olson Realty

+1(302) 448-6000

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4804 KINGSESSING AVE Philadelphia, PA 19143

Olson Realty

Olson Realty

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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