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$1,249,000

Beds
4
Baths
2.5
sq ft
1,700

4 S Strawberry St, Philadelphia, PA 19106

4 S Strawberry St

PHILADELPHIA, PA 19106

  • 129 days on market
Ask for the OM * * This property is classified under the R3 zoning category, has the Hotel License for 2 units and is specifically designated for Visitor Accommodations. The property has been legally converted and approved for this use. Legal Designation: * * This property is legally converted to a 2 unit R3 Lodging House Accommodations building. The Certificate of Occupancy and the approved plan, and Hotel License confirm its legitimate use. No Gimmicks: * * There are no hidden complexities or gimmicks. The conversion and use of the property are transparent and comply with city regulations. With the proper setup and management, this investment in an R3 designated Visitor Accommodations building offers a legitimate and potentially profitable opportunity. The process is designed to ensure the property meets all regulatory requirements, providing a clear path for new ownership and operation. Beautifully renovated and Furnished Historic Two unit lodging house in Center City-Old City neighborhood. Next Door to all shopping, nightlife, & Metro. 2 blocks from Liberty Bell & NYC Megabus to Manhattan, Philly Tour Bus and Museums. Available for Long Term or Monthly rentals. Updated kitchens, bathrooms, and interior! You will be just steps away from the Market Frankford Line's 2nd Street Station, Dozens of Restaurants, 5 min Walk to Penns Landing waterfront, 5 minute Uber to the Rivers Casino. The 2 unit Lodging House (3 bedroom 1.5 bathroom & studio unit) the heart of old city Philadelphia. Corner of Market and Strawberry street. Steps (1 min walk) to the market Frankfort blue line subway, steps from all the nightlife and restaurants, cvs, and other attractions. Climate control in every room. Utilities Included ( Electric, Water, Gas, ). This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.

Details

Property type

Townhouse

Est. home value

$737,825

Lot size

434 sq ft

Price per sq ft

$735

Year built

1900

Annual property taxes

$7,698

HOA

No

Price History

07/08/2024
Bright

Bright #PAPH2371948

Listed
$1,249,000
+204.63%
08/31/2017
Bright

Bright #1003251933

Sold
$410,000

Schools & Community

Neighborhood: 

Old City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$892,722
Asking price
$1,249,000
Closing costs (~8% of asking)
-$99,920
Est. remaining loan balance
-$256,358
Cash to seller
$892,722

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

August 2017

Original loan amount

$299,000

Est. remaining balance

$256,358

Interest rate

4.03%

Loan type

New Conventional, 30 year

Seller

Jason Jelen and Michelle Jelen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 11:40 AM

Listing updated: 08/25/2024 at 10:03 AM

Listed by: Richard K Cassell, KW Empower Phone #: (215) 627-3500

MLS: Bright #PAPH2371948

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