4215 Salem Street

Philadelphia, PA 19124

$350,000
Price
Beds
1,862 Sq. Ft.
$188 / Sq. Ft.
1,862
Sq. Ft.
$188
per Sq. Ft.

Description

A well maintained rooming house featuring 5 rooming units and a rear studio apartment with separate electric. Property also offers coin operated washer and dry, High Efficiency Boiler, newer water main and sewer, and new electric service. A fenced in side yard can also generate additional income for parking/storage of vehicles (ideal for a contractor). At full occupancy (not including the side yard), this provides a solid 8 Cap Rate. Schedule your appointment today.A well maintained rooming house featuring 5 rooming units and a rear studio apartment with separate electric. Property also offers coin operated washer and dry, High Efficiency Boiler, newer water main and sewer, and new electric service. A fenced in side yard can also generate additional income for parking/storage of vehicles (ideal for a contractor). At full occupancy (not including the side yard), this provides a solid 8 Cap Rate. Schedule your appointment today.
  1. Listed by Lee M Abrams • Higgins & Welch Real Estate, Inc.
    P: 2158137242 labrams@welchgroup.net
  2. Listed by Edward A Welch III • Higgins & Welch Real Estate, Inc.
    P: 6103317655 ewelch@welchgroup.net

Property Details for 4215 Salem Street

Tax ID Number
232504900
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Straight Thru
Waterfront
No
Garage
No
Cross Street
Womrath St
Municipality
PHILADELPHIA

Location

Listing Courtesy of Higgins & Welch Real Estate, Inc.
Add your commute
LISTING UPDATED: 05/20/2024 02:34 PM

Property Details for 4215 Salem Street

StatusActive
MLS #PAPH2352594
Days on Market34
Taxes$1,489 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1925
Lot Size0.09 AC / 3,910 SF
CountyPhiladelphia County

Location

Listing Courtesy of Higgins & Welch Real Estate, Inc.
Add your commute

Building Information for 4215 Salem Street

Stories-Residences4Year Built1925Building Size-Lot Size0.09 AC / 3,910 SF

Payment Calculator

$2,034 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,910

Property Taxes

$124

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4215 Salem Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 802785881492
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19124 (19124)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $106,400
  • Year Assessed: 2023
  • Improvement Assessed Value: $85,120
  • City Town Tax: $672
  • Land Assessed Value: $21,280
  • Clean Green Assessed: No
  • Land Use Code: H30
  • Zoning: RM1
  • Tax Lot: 87
  • School Tax: $817
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Electricity, Gas, Heat, Insurance, Repairs, Sewer, Taxes - Real Estate, Water
Unit Information
Unit Information
  • Single Room Units Count: 6
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Vacancy Allowance Rate: 15.00%
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $6,049
  • Operating Expense Includes: Insurance
  • Water Avg Month: $80
  • Water Prev 12 Months: $960
  • Electric Avg Month: $90
  • Electric Prev 12 Months: $1,080
  • Gas Avg Month: $90
  • Gas Prev 12 Months: $1,080
Financial Information
  • Gross Scheduled Income: $38,100
  • Net Operating Income: $28,496
  • Annual Rental Income: $38,100
  • Income Includes: Apartment Rentals, Laundry, Other
  • Cap Rate: 8.00
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 1,862.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 40.00 x 98.00
  • Lot Dimensions Source: Assessor
  • Lot Features: SideYard(s)
  • Parcel ID: 1022677
Parking
Parking
  • Type Of Parking: On Street, Other
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS
  • List Agent URL: PAprobateHelp.com

Property History for 4215 Salem Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4215 Salem Street

Taxable ValueLand$21,280Additions$85,120Total$106,400
Tax Record2023$1,489 ($124 / month)
Home Facts
Beds4Total Finished SqFt1,862 SqFtAbove Grade Finished SqFt1,862 SqFtStories2Lot Size3,910 SqFtStyleSingle Family ResidenceYear Built1925ZoningRM1CountyPHILADELPHIAAPN23-2-5049-00

Schools near 4215 Salem Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Stearne Allen M School
PublicK to 8

Frankford High School
Public9 to 12

Mastbaum Jules E Avts
Public9 to 12

Conwell Russell Middle School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4215 Salem Street is a multi-family home for sale in Philadelphia, PA 19124. This property was listed for sale on May 10, 2024 by Higgins & Welch Real Estate, Inc., it's currently listed at $350,000. This listing's school district is Philadelphia City School District. Nearby schools include Stearne Allen M School, Frankford High School and Mastbaum Jules E Avts. 4215 Salem Street is a 0-bed, 0-bath, 1,862 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Higgins & Welch Real Estate, Inc.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.