SQUARE FEET4,021
MLS#PAPH2619704
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMANTUA
SCHOOLPHILADELPHIA CITY
Property Description
WELCOME TO 3817 WALLACE STREET — A MODERN, INCOME-PRODUCING, 3-YEAR-OLD NEW CONSTRUCTION QUADRUPLEX LOCATED IN THE HIGHLY DESIRABLE UNIVERSITY CITY AREA. THIS TURNKEY MULTI-FAMILY PROPERTY OFFERS EXCELLENT STABILITY WITH TWO UNITS ALREADY RENTED AND STRONG IMMEDIATE CASH FLOW. UNIT #2 IS CURRENTLY RENTED FOR $1,700/MONTH, AND UNIT #4 IS RENTED FOR $2,100/MONTH. UNITS #1 AND #3 ARE CURRENTLY IN THE PROCESS OF BEING LEASED, PROVIDING ADDITIONAL UPSIDE POTENTIAL FOR THE NEW OWNER. THE BUILDING FEATURES A WELL-DESIGNED UNIT MIX: UNITS #1 AND #2 OFFER 2 BEDROOMS AND 2 FULL BATHROOMS EACH, WHILE UNITS #3 AND #4 FEATURE 3 BEDROOMS AND 2 FULL BATHROOMS EACH. UNIT #4 ALSO INCLUDES PRIVATE ROOFTOP ACCESS — A HIGHLY DESIRABLE AMENITY THAT CAN COMMAND PREMIUM RENTAL INCOME. DESIGNED WITH CONTEMPORARY FINISHES, OPEN-CONCEPT LAYOUTS, AND ENERGY-EFFICIENT SYSTEMS, THIS PROPERTY OFFERS LOW-MAINTENANCE OWNERSHIP AND LONG-TERM DURABILITY. ITS PRIME LOCATION, JUST MINUTES FROM UPENN, DREXEL UNIVERSITY, PENN PRESBYTERIAN HOSPITAL, PUBLIC TRANSPORTATION, AND MAJOR EMPLOYMENT CENTERS, ENSURES STRONG YEAR-ROUND RENTAL DEMAND. INVESTORS WILL ALSO APPRECIATE THE APPROXIMATELY 5 YEARS REMAINING ON THE 10-YEAR TAX ABATEMENT, SIGNIFICANTLY ENHANCING CASH FLOW AND OVERALL RETURNS. LOCATED IN A RAPIDLY GROWING AND APPRECIATING SECTION OF UNIVERSITY CITY, 3817 WALLACE STREET PRESENTS A RARE OPPORTUNITY TO OWN A HIGH-YIELD, FUTURE-PROOF INVESTMENT PROPERTY.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Fully Finished
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: 90% Forced Air
Home Style: Contemporary
Lot Size: 0.03 Acres
Taxes: $1,505
Year Built: 2020
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Brick
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Number of Rooms: 10
Sewer: Public Sewer
Structure Type: Other
Three Bedroom Units: 2
Total Garage/Parking Spaces: 0
Two Bedroom Units: 2
Units: 4
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: HomeSmart First Advantage Realty
Agency Phone: 8563633000
Shown By
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Agency Phone: +18003833535
First AmericanEstimate Your Payment
Estimated Payment
$ 2,312.89 per month $1,934.02 Principal & Interest $125.42 Property Tax $253.46 Homeowner's Insurance
3817 Wallace Street | MLS# PAPH2619704
This multi-family property located at 3817 Wallace Street, Philadelphia, PA 19104 is currently listed for sale with an asking price of $869,000. Wallace Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.homesale.com today.