4910 Lancaster Avenue

Philadelphia, PA 19131

$345,000
Price
1
Beds
2,820 Sq. Ft.
$122 / Sq. Ft.
2,820
Sq. Ft.
$122
per Sq. Ft.

Description

An impressive rent roll with plenty of room for forced appreciation, 4910 Lancaster is a cash cow today and is well-positioned for an even stronger tomorrow. Anchored by a gorgeously designed salon on the first floor, this property hosts 3 residential, 1 bedroom apartments upstairs and a first floor studio. 2 units are month to month and a 3rd expires soon - all are ready for upgrades to meet pro forma rent. Separately metered with electric heat, newer hot water heaters and stoves. The numbers speak...An impressive rent roll with plenty of room for forced appreciation, 4910 Lancaster is a cash cow today and is well-positioned for an even stronger tomorrow. Anchored by a gorgeously designed salon on the first floor, this property hosts 3 residential, 1 bedroom apartments upstairs and a first floor studio. 2 units are month to month and a 3rd expires soon - all are ready for upgrades to meet pro forma rent. Separately metered with electric heat, newer hot water heaters and stoves. The numbers speak for themselves. Please reach out for pro forma and schedule your showing today.
  1. Listed by Ryan McLaughlin • KW Empower
    P: (215)-498-4379 ryanm@tollrealtygroup.com

Property Details for 4910 Lancaster Avenue

Tax ID Number
871206450
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Cross Street
W THOMPSON ST
Municipality
PHILADELPHIA
LISTING UPDATED: 09/10/2024 04:23 PM

Property Details for 4910 Lancaster Avenue

StatusActive
MLS #PAPH2383770
Days on Market109
Taxes$2,171 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1925
Lot Size0.03 AC / 1,250 SF
CountyPhiladelphia County

Building Information for 4910 Lancaster Avenue

Stories-Residences4Year Built1925Building Size-Lot Size0.03 AC / 1,250 SF

Property Information for 4910 Lancaster Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19131 (19131)
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: 2022
  • Tax Assessed Value: $155,100
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $124,100
  • City Town Tax: $979
  • Land Assessed Value: $31,000
  • Clean Green Assessed: No
  • Land Use Code: Y50
  • Zoning: CMX2
  • Tax Lot: 87
  • School Tax: $1,191
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Water
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 2
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 2
  • Level: 2
  • Unit Type Lease Type: Month to Month
Unit 2
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 1
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Finished SQFT: 1200
  • Unit Type Lease Type: Long Term
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 3
Financial Information
Expenses
  • Operating Expense: $9,110
  • Operating Expense Includes: Insurance, Trash
  • Insurance Expense: $1,200
  • Maintenance Expense: $2,899
  • Professional Management Expense: $2,615
Financial Information
  • Gross Income: $41,700
  • Gross Scheduled Income: $41,700
  • Net Operating Income: $32,500
  • Annual Rental Income: $42,780
  • Income Includes: Apartment Rentals
  • Cap Rate: 9.00
  • Existing Lease Type: Month to Month, Long Term
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,820.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 20.00 x 56.00
  • Lot Dimensions Source: Estimated
  • Location Type: Urban
  • Parcel ID: 1202780
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Natural Gas, Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS
  • List Agent URL: RPM-RE.com

Property History for 4910 Lancaster Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4910 Lancaster Avenue

Taxable ValueLand$31,000Additions$124,100Total$155,100
Tax Record2023$2,171 ($181 / month)
Home Facts
Total Finished SqFt2,820 SqFtAbove Grade Finished SqFt2,820 SqFtStories3Lot Size1,250 SqFtStyleOffice BuildingYear Built1925ZoningCMX2CountyPHILADELPHIAAPN87-1-2064-50

Schools near 4910 Lancaster Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - 5 to 12
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Middle Years Alternative School
Public6 to 8

Overbrook High School
Public9 to 12

Philadelphia Learning Academy - South
Public9 to 12

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.

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4910 Lancaster Avenue is a multi-family home for sale in Philadelphia, PA 19131. This property was listed for sale on August 6, 2024 by KW Empower, it's currently listed at $345,000. This listing's school district is The School District of Philadelphia. Nearby schools include The Science Leadership Academy At Beeber, Middle Years Alternative School and Overbrook High School. 4910 Lancaster Avenue is a 1-bed, 0-bath, 2,820 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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

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.