Philadelphia, PA 19124 4347 Paul Street

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Presented By: KW Empower
  • MLS# PAPH2478584
  • 05/05/2025
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  • Beds • 4

Home Details

INVESTOR'S DREAM WITH TENANT APPEAL RENOVATED 3-UNIT MULTIFAMILY WITH OVER 10% CAP RATE! An incredible opportunity to own a fully renovated, high-performing 3-unit apartment building offering exceptional cash flow and long-term potential. Stripped to the studs in 2012, this property has been modernized with all the major upgrades already completed, making it turnkey for investors and inviting for tenants alike. INVESTOR HIGHLIGHTS: (1) 10%+ Cap Rate Potential with projected gross rents of $4,400/month (with room to grow with Optional Add-Ons: Basement can be monetized with coin-op laundry and/or storage for the tenants for additional income. A tenant has already expressed interest in renting the basement for $300/month. Or use the basement yourself for storage, or rent it out to a local contractor needing a convenient place for their tools & supplies). (2) Fully compliant: Rental License & Lead Paint Safe Certificates in place. (3) Upgraded Systems: Certified fire alarm system, updated sprinklers, and separate electric meters (plus house meter for common areas). No gas utility for simplified management. (4) Major Infrastructure Work Done: New sewer, water, and sprinkler lines all the way to the city connection. CURRENT UNIT BREAKDOWN: Unit 1 (Vacant, market-ready): Private side entrance, 2 beds, 1 bath, stylish central kitchen with dining nook. The owner has a prospect interested in the unit at $1,700/month. Unit 2: 2 beds, 2 baths, including a Jack & Jill layout bathroom for the front bathroom & an ensuite bathroom for the rear bathroom, plus a bonus alcove for home office/study. Renewal at $1,700/month expected. Unit 3: Top-floor loft-style studio with soaring ceilings and private entry via shared hallway. Currently at $800/mo, increasing to $1,000/mo in November. TENANT-FRIENDLY FEATURES: (1) Each unit has its own Central Air system. (2) Attractive wood and tile floors throughout. (3) Fire-rated unit doors and solid construction for added peace of mind. (4) Dedicated access to a large shared yard and potential off-street parking for all tenants (remove poles to expand current 2-car capacity). (5) Walkable to transit & shopping: Just 5 minutes to the Church St El Station, plus quick access to ALDI, Walmart, Lidl, Home Depot, and ShopRite. OWNER-OCCUPANT OPPORTUNITY: Take advantage of the rare chance to move into Unit 1 before its leased! Live in one unit while collecting rental income from the other two. This property checks all the boxes: strong financials, low maintenance, prime location, and modern upgrades. Whether you're an experienced investor seeking cash flow or a savvy buyer looking to live in one unit and rent the others, this building offers unmatched value and flexibility. Act nowthis opportunity wont last long!
Presented By: KW Empower

Interior Features for 4347 Paul Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
FlooringWood, Ceramic Tile
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 4347 Paul Street

Acceptable FinancingCash, Conventional
AccessibilityNone
Architectural StyleTraditional
Cap Rate10.00
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsMake a right onto Paul St off of Church St
Garage Y/NNo
HeatingForced Air
Lot Size Square Feet3300.00
Lot Size UnitsSquare Feet
MLS Area19124 (19124)
ModificationTimestamp2025-06-03T08:25:10
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
Number of Units Leased2
NumberOfUnitsVacant1
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnerPaysWater
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG148.03
Property ConditionExcellent
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count1
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Subdivision NameFRANKFORD
Tax Annual Amount4549.0
Tax Assessed Value325000.0
Tax Lot236
Tax Year2025
Total SQFT3040
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRM1

Exterior for 4347 Paul Street

Foundation DetailsStone
Inclusions3 refrigerators
Land Assessed Value65000.00
Land Use CodeN50
Lot Dimensions30.00 x 110.00
Lot Size Acres0.08
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Total Parking Spaces4
Type of ParkingOn Street, Off Street, Driveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
WaterfrontY/NNo

Additional Details

Price History

Schools

High School Frankford High School
Elementary School Stearne Allen Elementary School
Middle School Allen M. Stearne Middle School

Aleksandar Tomic

Real Estate Professional
Price $450,000
MLS#PAPH2478584
List Date 05/05/2025
Property Type Multi-Family
Phone 571.207.5186
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