Price Reduction
Address
5005 Walnut Street, Philadelphia, PA
Price
$ 824,900
Property Attributes
- MLS#PAPH2256606
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19139
- NeighborhoodWalnut Hill
- Zip19139
- StyleStraight Thru
- Year Built2023
- Taxes$ 496
- Price$ 824,900
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description
INVESTOR OPPORTUNITY. 3,595 sq. ft New Construction OCCUPIED TRIPLEX with ROOF DECK. 10-Year Tax Abatement. Qualifies for 5% down. Seller Rate buy down offered! 1st and 2nd Floor Unit leased through 2025. 3rd floor open for Home Hacking Occupant. All units constructed with Quartz Countertops, Custom Solid Wood Cabinets, High-end Stainless steel appliances and designer fixtures. Full Size front End Washer/Dryers installed in every unit. First floor Unit is 3 Bedroom 3 Bathroom Bi-level. Main Level is kitchen/ Living with Full bathroom and spacious bedroom. Exit to Private rear yard. Lower Level contains 2 additional Bedrooms and Bathrooms (one ensuite) and Laundry. Middle Unit is 2 Bedroom 1.5 Bathroom with Balcony off the rear bedroom. 3rd floor unit is 2 Bedroom 1.5 Bathroom with access to Private Roof Deck. All Electric. Water is Sub-metered. Extremely well built but a long time experienced Local Philadelphia Builder. Located near the highly desired University City neighborhood. Situated close to the Hospitals and the University of Pennsylvania, steps from the Market-Frankford Line, and a straight shot to Down Town Center City Philadelphia. A short walk to parks, restaurants, and shopping! 5 Buildings remaining. Excellent for Investor OR Owner Occupant. Units converted to Condos. Potentially to sell off individual units in the future. All Electric. Water is Sub-metered. Other Available Buildings. 5237 Chancellor Duplex (PENDING),5233 Chancellor St (SOLD) 5001 Walnut Quadplex (SOLD), 540 S 52nd Commercial Quadplex, 5113,5122 and 5138 Ranstead Duplexes.
| Price History | |
|---|---|
| 7/12/2023 | Listed $899,000 |
| 8/17/2023 | 3% - $880,000 |
| 10/19/2023 | 3% - $860,000 |
| 3/12/2024 | 2% - $849,900 |
| 4/30/2024 | 3% - $824,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Programmable Thermostat,Zoned |
| Cooling | Central A/C,Multi Units |
| Possession | Settlement |
| Zoning | RM1 |
| Pool Y/N | No Pool |
| Architectural Style | Straight Thru |
| Construction Materials | Concrete,Other |
| Year Built | 2023 |
| Property SubType | Triplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 42600.00 |
| OwnerPays | Insurance |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | WALNUT HILL |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | From S Broad St,turn onto Walnut St. The property will be on your right after passing 50th St. |
| ModificationTimestamp | 2024-04-30T14:22:18 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 3 |
| MLS Area | 19139 (19139) |
| Lot Size Square Feet | 1552.00 |
| Tax Assessed Value | 35500.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 2 |
| Street Name | WALNUT |
| Tax Annual Amount | 496.0 |
| Two Bedroom | 2 |
| Structure Type | Interior Row/Townhouse |
| NumberOfUnitsVacant | 1 |
| Other Units | Unit 1,Unit 2,Unit 3 |
| Price Per Sq Ft | 229.46 |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 3595 |
| Days on Market | 295 |
| Lease Type | Yearly |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 119 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Multi-tank |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
| Three Bedroom Units Count | 1 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | Condo docs,All appliances,10-yr tax abatement |
| Type of Parking | On Street |
| Land Use Code | SR |
| Foundation Details | Concrete Perimeter |
| Water View Y/N | No |
| Lot Dimensions | 16.00 x 97.00 |
| Lot Size Acres | 0.04 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 35500.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19139
Price
Taxes
Visits
Year Built
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