$400,000
Active
19 Days Online
0 Beds0 Baths4,200 SQFT
Active

245 S Hanson Street Philadelphia, PA 19139

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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 TypeMulti-Family
  • NeighborhoodWalnut Hill
  • CountyPhiladelphia
  • Taxes$7,101
  • HOA/Condo/Coop Fees$0
  • Days on Site19 Days
  • MLS StatusActive
  • MLS ID NumberPAPH2352012
  • Home Size Source Estimated
  • Year Built1951
  • Lot Size0.04 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style Other
  • Parking On Street
  • Sewer Public Sewer
  • Basement Unfinished
  • Acreage 0.04
  • Water Public
  • Cross Street Locust St
  • Property Sub Type Quadruplex
  • Attached Garage No
  • Foundation Stone
  • Zoning RM-1

Interior Features

  • Cooling Window Unit(s)Electric
  • Heating RadiatorNatural GasElectric
  • Flooring WoodVinyl
  • Fireplace No

Exterior Features

  • Roof Flat
  • View Street
  • Spa No
  • Waterfront Property No
  • Exterior SidewalksStreet Lights
  • Lot Rear Yard

Community Features

  • MLS Area 19139 (19139)

Schools

School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$2,116
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