tomo logo

$369,999

Beds
4
Baths
2.0
sq ft
1,767

4220 Powelton Ave, Philadelphia, PA 19104

4220 Powelton Ave

PHILADELPHIA, PA 19104

  • 103 days on market
    • Price drop $10,000↓
Incredible turn-key investment property! 4220 Powelton Ave, a well maintained house, is fully occupied until the end of August 2025. This cash flowing property is in a prime Drexel University off campus student housing location! The property boasts a well established record of Tenant payment history. Current rent: $2500/month, tenants pay all utilities, and with room to increase rent starting in September 2025. Many of this home's amazing features include: 4beds/2 large baths, separate living room, dining room and kitchen spaces. HUGE backyard with lots of patio and garden space (could be used as a double lot, may be able to subdivide.). There is also a gated side walkway. Located directly across the street from Drexel's Practice Fields makes 4220 Powelton Ave very popular with students. The walkout basement with headspace is perfect for storage or other uses. Within walking distance to Drexel University and all the dining and entertainment the area has to offer, this property is perfect to add to your portfolio. Schedule your appointment today!

Details

Property type

Townhouse

Est. home value

$476,612

Lot size

1,626 sq ft

Price per sq ft

$210

Year built

1915

Annual property taxes

$6,465

HOA

No

Price History

11/15/2024
Bright

Bright #PAPH2385514

Price change
$369,999
-2.63%
10/21/2024
Bright

Bright #PAPH2385514

Price change
$379,999
-1.3%
09/24/2024
Bright

Bright #PAPH2385514

Price change
$384,999
-1.28%

Schools & Community

Neighborhood: 

West Powelton

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

$21,334
Asking price
$369,999
Closing costs (~8% of asking)
-$29,600
Est. remaining loan balance
-$319,065
Cash to seller
$21,334

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

Seller’s Loan History

Lender

Newrez Llc

Loan start date

May 2020

Original loan amount

$350,550

Est. remaining balance

$319,065

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Leonor Gelpi Perez

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: 11/22/2024 at 5:00 AM

Listing updated: 11/15/2024 at 10:09 AM

Listed by: Matin Haghkar, RE/MAX Plus Phone #: (215) 422-3711

MLS: Bright #PAPH2385514

Bright logo

Recently listed in PHILADELPHIA