4413 BALTIMORE AVE Spruce Hill, Philadelphia 19104

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Daniel Heath
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1 6-UNIT APT BUILDING IN HEART OF BALTIMORE AVE CORRIDOR 1601 WALNUT ST, PHILADELPHIA, PA

2 6-UNIT APT BLDG IN HEART OF BALTIMORE AVE CORRIDOR Realty is pleased to present 4413 Baltimore Avenue. The property features six residential units in the heart of booming West Philadelphia. Close to public transportation, the heart of the Baltimore Area corridor boasts many restaurants, shopping, nightlife it is very close to University of Pennsylvania and the University of the Sciences. Demand to live here is high from students, faculty, and lovers of the West Philadelphia culture and social scenes. The property is also just a block away from Clark Park, one of the best features of this neighborhood. Rents are below market value. PROPERTY OVERVIEW Price $795,000 Year Built 1935 Number of Buildings 1 Number of Floors 4 Number of Units 6 Unit Mix 3 - Studios 1 - One Bedroom 1 - Two Bedroom 1 - Three Bedroom/Two Bath Lot Size 22 x 182 Lot Area Total Rentable Area of Building 4,004 SF 3,000 SF Real Estate Tax Assessment 2018 $329,200 Real Estate Tax 2018 $4,608 Frontage Site Shape Zoning Foundation Exterior Roofing Electric Water Gas Air Conditioning Flooring 22 on Baltimore Avenue Rectangle RTA-1 Stone and concrete Stone, brick, wood, stucco Pitched Separately metered, paid by Tenant Paid by Landlord Separately metered, paid by Tenant Central Air Hardwood and Tile MICHAEL HERSCH mhersch@mpnrealty.com

3 Operating Statement INCOME Scheduled Gross Income $63,084 5% (3,154) Effective Gross Income $59,330 EXPENSE Real Estate Tax 2018 $ 4,608 Insurance 2,032 Water & Sewer 2,400 Electric 480 Gas 228 Capital Reserves 3,154 Licenses 300 Management 5% 3,154 Total Expenses ($16,356) Net Operating Income $42,974 MICHAEL HERSCH mhersch@mpnrealty.com

4 Rent Roll UNIT UNIT TYPE MONTHLY RENT 1 Studio $ Bedroom $1,074 3 Studio $ Bedroom $791 5 Studio $ Bedroom/2 Bath $1,445 TOTAL $5,257 RESPONSIBILITY FOR UTILITIES Electric Heating/Air Conditioning Water and Sewer Cooking Gas TENANT TENANT LANDLORD TENANT MICHAEL HERSCH mhersch@mpnrealty.com

5 Property Parcel Map MICHAEL HERSCH

6 M MALLIN PANCHEL L I NADEL RE A LT Y Property Photos MICHAEL HERSCH n mhersch@mpnrealty.com MALL

7 M MALLIN PANCHEL L I NADEL RE A LT Y Property Photos MICHAEL HERSCH n mhersch@mpnrealty.com MALL

M MALLIN PANCHEL L I NADEL RE A LT Y About the Neighborhood The grand historical residences, charming tree canopies and

But this former streetcar suburb, which posts north-south boundaries of Market Street and Woodland Avenue and 38th and

Clark Park, perhaps the best-known public green space in this portion of West Philly, is a true microcosm of Spruce Hill s

8 M MALLIN PANCHEL L I NADEL RE A LT Y About the Neighborhood The grand historical residences, charming tree canopies and eclectic personage suggest Spruce Hill shares plenty of urban DNA with neighboring Cedar Park. But this former streetcar suburb, which posts north-south boundaries of Market Street and Woodland Avenue and 38th and 46th streets as its east and west extremities, has a charm all its own. Clark Park, perhaps the best-known public green space in this portion of West Philly, is a true microcosm of Spruce Hill s integration and ingenuity, attracting an energizing melange of athletes, artists, entrepreneurs, musicians and that unmistakable brand of West Philly character you just can t find anywhere else. Every summer, the Japanese festival of O-Bon (or Bon) takes over Clark Park in West Philadelphia s Spruce Hill neighborhood. The 500-year-old tradition is celebrated by visiting and cleaning ancestors graves, placing floating lanterns on the water, and performing the Bon dance. Highlights of the free, day long event in Philadelphia include drumming and the group dance. SPRUCE HILL From Green Line Cafe, to Honest Tom s Tacos, great eats fill Spruce Hill s streets with endless options for take out, or dinning in. Many SEPTA buses make stops in Society Hill, and both the 2nd Street and 5th Street subway stations are located a couple of blocks away in Old City. MICHAEL HERSCH n mhersch@mpnrealty.com MALL

UNIVERSITY CITY 5 UNIT APARTMENT BUILDING FOR SALE

UNIVERSITY CITY 5 UNIT APARTMENT BUILDING FOR SALE 4517 CHESTER AVENUE, PHILADELPHIA, PA 19143 1601 WALNUT ST, PHILADELPHIA, PA 19102 215.413.4900 www.mpnrealty.com 5 UNIT APARTMENT BULDING FOR SALE M