Philadelphia, PA 19147,532 S 4TH ST
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Philadelphia, PA 19147,532 S 4TH ST
Philadelphia, PA 19147,532 S 4TH ST
Philadelphia, PA 19147,532 S 4TH ST
Philadelphia, PA 19147,532 S 4TH ST

$649,000

Est. payment /mo

$649,000

Est.Price: ?

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532 S 4TH ST Philadelphia, PA 19147

2,787 SqFt

SOLD DATE : 07/21/2022

Key Details

Sold Price $649,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,787 sqft

Price per Sqft $232

Subdivision Queen Village

MLS Listing ID PAPH2038542

Sold Date 07/21/22

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $6,698

Tax Year 2022

Lot Size 928 Sqft

Acres 0.02

Lot Dimensions 16.00 x 58.00

Property Description

Location, Location, Location!! This mixed use Investment Opportunity in the desirable Queen Village neighborhood has the ability to be a Cash Cow! The first floor, spanning the entire lot, houses a barber shop with 6 independent styling stations. The seller, who has had recent health problems, used to rent every station out for $350.00 per week. There is currently 1 station rented out, the other ones are not being used. The demand is there, but there is no one to promote or manage the style station rentals. Take advantage of this now, and bring the cash in. This part of the property is in a turn key situation including all equipment, forced air heating and central air conditioning, high ceilings and a convenient bathroom. The second and third floors have a bilevel 3 bedroom, 1 bathroom apartment with its own forced air heating system, which could use some cosmetic upgrades, and has its own separate entrance from South Street. With a minimal amount of improvements, this unit should easily rent for $2,700.00 per month. So, lets do the math; if the stations in the commercial space were all rented, that would bring in over $9,000.00 per month, and the apartment $2,700.00 per month. That's $11,700.00 per month on a $649,000.00 asking price! The location is second to none, just a few doors down from the famous Jim's Steaks, Milkboy, and Copa. It has plenty of foot traffic, retail shopping, cafes and restaurants. This one is a no-brainer! Make your move today!

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning CMX3

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871024450

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Michael R. McCann • KW Philly
Bought with Diana Rivera • Keller Williams Real Estate - Newtown

Lisa Jackson

License ID: MD (5006876) & DE (RS-0038166)

+1(717) 649-7248

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