For more information on this property, contact Jonathan Fink at 215 805 5276 or finkjonathan@gmail.com

2200 Wallace Street
Philadelphia, Pennsylvania PA 19130-3126
Price: $650,000
Listing ID PAPH2131252
Status ACTIVE UNDER CONTRACT
SqFt 2,187
Acres 0.030
Year Built 1920

Property Description:

Part of an Iconic Investment Portfolio of 4 Fairmount Multi-Family Properties. See additional listings at 2201, 2205 and 2209 Mt Vernon. Can be purchased separately or as a package. On a quaint street in the highly desirable neighborhood of Fairmount, an incredible investment opportunity awaits you. This income-generating duplex features separate one and two-bedroom units, each with their own unique touches. Unit one encompasses the entire first level of this home. Making your way through the entrance, you are immediately greeted by a spacious living room that features oversized windows, plush carpeting, custom built-in shelving, and recessed lighting. Through the living room is the gourmet kitchen, equipped with a plethora of wooden cabinetry, state of the art appliances, and upgraded countertops. Nestled in the back of this unit sits the grand primary suite accented with rustic exposed brick and ample closet space. The primary suite enjoys the use of a tiled full hall bath. This unit is complete with an expansive backyard brick patio that has plenty of space to accommodate an outdoor gathering with family and friends or a large private gardening area, and an exclusive laundry room on the lower level. The two bedroom, one bathroom second unit is wonderfully spread across two floors. A sun soaked living room welcomes you into the unit, adorned with custom built-in shelves, sophisticated exposed brick, and oversized windows. Find your way to the carpeted hallway and step into the first bedroom, complete with plush carpeting, extensive closet space, and an elegant chandelier light fixture. Further down the hall is the luxurious kitchen that features stainless steel appliances, an abundance of wooden cabinetry, artistic wooden floors, and an expertly detailed tile backsplash. Make your way upstairs to the tasteful second floor loft that hosts the charming primary suite accented with carpeting, a wonderful view of the living room below, a fortune of natural light, and recessed lighting. The primary suite enjoys the use of a masterfully tiled ensuite bathroom that hosts a large single vanity and washer/dryer. Unit one is currently vacant, and Unit 2’s lease ends at the midway point of July 2022 with a monthly rent of $1825. This property sits just steps away from the beautiful lush greenery of Corinthian Gardens. Here, community members plant gorgeous vegetation and manicure them daily, adding a breath of fresh air to the neighborhood. Conveniently located just a block off of Fairmount Avenue, there are many local happenings and amenities just a short walk away, including the Eastern State Penitentiary, Zorba’s Tavern, A Mano, Jack’s Firehouse, and more! The City of Philadelphia has completed a real estate tax reassessment, effective January 1, 2023. If you have any questions or concerns about the impact of this reassessment on future real estate taxes, please contact the City of Philadelphia. Compass RE is not involved in the City of Philadelphia’s tax reassessment and does not have any input or control in the results.

Primary Features

County: Philadelphia
Price/SqFt: 297.21
Property Sub Type: Interior Row/Townhouse
Property Type: Multi Family
Subdivision: ART MUSEUM AREA
Year Built: 1920
Zoning: RSA5

Interior

Central Air: yes
Cooling Type: Central A/C
Heating: yes
Heating Type: Forced Air
Living Area SqFt Source: Assessor
Total Below Grade SqFt Source: Assessor
Total SqFt: 2187
Total SqFt Source: Assessor

External

Architectural Style: Straight Thru
Building Units Total: 2
Construction Materials: Masonry
Cooling Fuel: Electric
Foundation Details: Stone
Garage: no
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Lot Dimensions Source: Assessor
Lot Size Dimensions: 19.00 x 65.00
Lot Size Source: Assessor
Lot Size Units: Square Feet
New Construction: no
Other Structures: Above Grade, Below Grade
Other Units: Unit 1,Unit 2
Pool: No Pool
Sewer Septic: Public Sewer
Tidal Water: no
Type of Parking: On Street
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no

Location

Country: US
MLS Area: 19130 (19130)
Municipality: PHILADELPHIA
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
School District Source: Listing Agent
Waterfront: no

Additional

Accessibility Features: Doors - Swing In
Days on Market: 81
Historic: yes
Kick-Out Clause: no
Land Use Code: N50
Property Sub Type: Duplex
Year Assessed: 2022
Year Built Source: Assessor

Financial

Association Recreation Fee: N
Automatically Update Tax Values: yes
Contingency Type: Home Inspection, Financing Approval
Existing Lease Type: Yearly
Gross Scheduled Income: 41100
Inclusions: Refrigerators and washers and dryers
Ownership Interest: Fee Simple
Possession: 0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Rent Control: no
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 6324
Tax Assessed Value: 451800
Tax Lot: 148
Tax Total Finished SqFt: 2187
Tax Year: 2022
Total Actual Rent: 40000
Vacation Rental: no

Zoning Info


© 2022 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Compass Pennsylvania, LLC. Data last updated on Thursday, October 6th, 2022 06:17:39 AM.

Contact - Listing ID PAPH2131252

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Jonathan Fink

1619 Walnut Street
Philadelphia, PA 19103
Phone: 215 805 5276
Phone Alt: 215-805-5276

Data services provided by IDX Broker
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