• 245 S Hanson Street PHILADELPHIA, PA 19139

  • $400,000
  • 0
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 1748
    Sqft

Discover this prime investment opportunity in the bustling Walnut Hill neighborhood, featuring a five-unit building comprised of two store fronts, two 1-bedroom 1-bath apartments, and one 3-bedroom 1-bath apartment. Each unit has their own entrance adding an element of privacy that is hard to find. Situated near University City, this property is located in close proximity to prestigious universities and a plethora of amenities ensuring convenient living. Currently zoned as RM-1, allowing investors to maximum potential for income generation and equity growth. The property has been well maintained and will need cosmetic repairs in order to get the units in rent ready condition. This location is perfect for renting out to students due to its close proximity to University City which will help decrease vacancy and keep the units rented. This can be a great opportunity for someone looking to live in one unit and rent the others out to offset the mortgage and decrease living expenses. Or this can be a great property for West Philadelphia investors looking to add this to their rental portfolio. Buyer's are responsible for verifying zoning and use possibilities. A clear U&O will not be provided by the sellers. With a Walk Score of 90, daily errands are easily achievable without a car. A Transit Score of 77 suggests outstanding transit options, ensuring convenient transportation for traveling around the city. Furthermore, a Bike Score of 99 highlights excellent biking infrastructure in the area. Close-by dining options include J & P Seafood, Quick & Quality, and Pizza Plus West, among others. Nearby educational facilities comprise The Workshop School, Lea C. Henry School, and Beulah Baptist Christian Day School. Convenient grocery options include Quick Stop Deli, Fili Kale, and The Herb Nook. Just nine-minutes away from the MFL Frankford TC at the 46th St Station - MFL stop. The property is also close to parks such as Chicken Park, Black Oak Park, and Cedar Park. Enjoy unparalleled convenience with easy access to transit, universities, dining, shopping, and entertainment options. Don't miss out on this exceptional investment opportunity in a highly sought-after location. Schedule a viewing today to explore its potential for lucrative returns. Schedule your exclusive tour today and seize the chance to make this property your own!

Property Type :

Multi-Family

Subdivision :

Walnut Hill

County :

PHILADELPHIA

Style :

Multi-Family

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Property Details

 

Water/Sewer

Water Source : Public

Interior Features

Roof : Flat

Exterior Property Features : Sidewalks,Street Lights

Basement Description: Unfinished

Roofing Information

Flat

Heating & Cooling

Cooling: Window Unit(s)

Heating: Radiator

Cooling Fuel: Electric

Heating Fuel: Natural Gas,Electric

Building Information

Exterior Features: Sidewalks,Street Lights

Year Built: 1951

Structure: Other

New Construction: No

Total Units: 4

Built: 1951

Construction Material: Masonry

Roof: Flat

Foundation/Basement: Stone

Architecture: Other

Pool/Private: No Pool

Roof Type: Flat

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Natural Gas

Lot Information

Lot Size: 1,748

Lot Size (Acres): 0.04

Architectural Style: Other

Main Square Feet: 1,748

Property Information

SQ ft: 4,200

SQ ft (Living Area): 4,200

Total Lot SQ ft: 1,748

View: Street

Subdivision: WALNUT HILL

Financing: Cash,Conventional,Other

Total Acreage: 0.04

New Construction: No

Type: Other

Listing Information

Possession: Immediate

Days Of Market: 15

Tax Information

Annual Tax: $7,101

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Possession

Immediate

Assessment Information

Taxes Assessment Amount: $507,300

Virtual Tour

Parking Information

Parking Type: On Street

Has Garage: N

Multi-Unit Information

Acceptable Financing: Cash,Conventional,Other

Roof: Flat

Homeowners Association Information

Direction: Coming from the north side of S 48th St, go straight, and turn right onto Walnut St, then make a left turn onto Hanson St. Continue driving straight; the property will be on the left, a corner property between Hanson St and Locust St.

School Information

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Utility Information

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Natural Gas,Electric

Hot Water: Natural Gas

Location Information

Location Type: Urban

Direction: Coming from the north side of S 48th St, go straight, and turn right onto Walnut St, then make a left turn onto Hanson St. Continue driving straight; the property will be on the left, a corner property between Hanson St and Locust St.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5250 Walnut Street , Philadelphia, PA,19139 $130,000 -- -- 1,380 1380 Sqft
13 N Lindenwood Street , Philadelphia, PA,19139 $41,900 -- -- 1,114 1114 Sqft
5910 Spring Street , Philadelphia, PA,19139 $35,000 -- -- 960 960 Sqft
124 N Felton Street , Philadelphia, PA,19139 $117,500 -- -- 1,232 2000 Sqft
5125 Brown Street , Philadelphia, PA,19139 $54,000 -- -- 1,350 1350 Sqft
9 S Conestoga Street , Philadelphia, PA,19139 $45,000 -- -- 736 736 Sqft
6243 Market Street , Philadelphia, PA,19139 $74,900 -- -- 1,472 1472 Sqft
5110 Funston Street , Philadelphia, PA,19139 $19,000 -- -- 780 780 Sqft
4908 Arch Street , Philadelphia, PA,19139 $245,000 -- -- 2,040 1312 Sqft
5715 Arch Street , Philadelphia, PA,19139 $215,000 4 2.0 1,632 3075 Sqft

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 06/13/2024 @ 18:13

MLS: PAPH2352012
LISTED BY: Maria Maria Quattrone Quattrone , RE/MAX @ HOME
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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