1931 Wallace Street Philadelphia, PA $ 1,100,000
1931 Wallace Street
$ 1,100,000
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1931 Wallace Street

Philadelphia, PA, 19130
$ 1,100,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 7,311

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Multi-Family Home for sale in Philadelphia, PA

for $1,100,000 with 6 bedrooms. This home was built in 1920 on a lot size of 0.07.

Dreaming of an absolutely incredible quadruplex on a beautiful tree lined historic block in the Art Museum Area! This home balances the fullest desire for an owner occupant while providing a magnificent opportunity for rental income - or the home can easily be positioned as a lucrative buy for a savvy investor. The first floor boasts a shared entryway with paired double doors and a beautiful vestibule. Enter Unit 1, a one bedroom plus loft, with a cooks kitchen, living room, bathroom, flex space and access to a charming patio off the kitchen. The first of the second-floor units is a two bedroom, two bathroom bi-level with large kitchen and a sun filled living room with windows wrapping around the back allowing for amazing views of its own private courtyard. The second unit on the second level is also a two Bedroom, two Bathroom bi-level with great kitchen and living areas. Unit 4 is located on the third floor, you will find a generously sized apartment with a bedroom, a bathroom, a kitchen and living room. This building was redone 10 years ago, with all new wiring, plumbing, mechanicals, and roof. Each unit has its own washer and dryer, is metered separately, and the building has the potential for possible condo conversion. There is private access to the basement the provides storage and utility convenience for the building. This Boutique Building is in an unbeatable location and with-in steps to everything good that Fairmount offers. Don't let this unique opportunity pass you by, make arrangements to see the property today!

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Multi-Family Contingent

Price

$ 1,100,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 16,857

Style

Straight Thru

Lot Size

0.07

Year Built

1920

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2345034

Features
Interior
Heating Fuel Natural Gas
Basement Full Outside Entrance Unfinished Walkout Stairs
Hot Water Natural Gas
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Negotiable
Zoning RM1
Architectural Style Straight Thru
Construction Materials Masonry
Exclusions Tenants Possessions
Year Built 1920
Property SubType Quadruplex
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Gross Income 95400.00
Accessibility None
County PHILADELPHIA
Net Operating Income 67897.00
Operating Expense 27503.00
Insurance Expense 4100.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE UNDER CONTRACT
Directions Fairmount to 20th to Wallace
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 4
MLS Area 19130 (19130)
Lot Size Square Feet 2862.00
Waterfront Y/N N
Number of Units Leased 4
Street Name WALLACE
Tax Annual Amount 16857.0
Property Condition Excellent
Trash Expense 500.00
Two Bedroom 2
Structure Type End of Row/Townhouse
Price Per Sq Ft 293.1
Avg. Electric Per Month 30.0
Historic Y/N Y
Rent Control Y/N N
Vacation Rental Y/N N
Avg. Water Per Month 100.0
Days on Market 10
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 38
Total Actual Rent 95400.00
Cap Rate 6.20
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Pool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Stone
Spa N
Water View Y/N N
Lot Dimensions 28.00 x 103.00
Lot Size Acres 0.07
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 240860.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1931
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* Excluded Features
List By
Bhhs Fox & Roach-Chestnut Hill

Broker

michelleschoenhomes@gmail.com

Email

Affordability Calculator

$8,716
Per Month
84%
16%
0%
Monthly Principal & Interest
$7,311
Monthly Property Taxes
$1,405
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4488946 Elementary School
4488947 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2024$1,100,000 Listed Price

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1931 Wallace Street, Philadelphia, PA, 19130 is a Multi-Family Home for sale at $1,100,000 with a lot size of 0.07. 1931 Wallace Street has 6 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 19130 which is in Philadelphia, PA