Philadelphia, PA 19104,405-407 S 42ND ST
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Philadelphia, PA 19104,405-407 S 42ND ST
Philadelphia, PA 19104,405-407 S 42ND ST
Philadelphia, PA 19104,405-407 S 42ND ST
Philadelphia, PA 19104,405-407 S 42ND ST

$2,230,000

Est. payment /mo

$2,325,000

4.1%
Est.Price: ?

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405-407 S 42ND ST Philadelphia, PA 19104

4,800 SqFt

SOLD DATE : 04/10/2019

Key Details

Sold Price $2,230,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $464

Subdivision University City

MLS Listing ID PAPH719388

Sold Date 04/10/19

HOA Y/N N

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $14,641

Tax Year 2019

Lot Size 9,938 Sqft

Acres 0.23

Property Description

The Pinewood, a rare 14-unit property in one of Philly's most desirable neighborhoods. Significant character, hardwood floors throughout. Ten 1 bedrooms, Two 2 bedrooms, and Two studios. Several units with outdoor space. Sought-after units with excellent closet space. The current owner has always rented this building quickly and has not regularly raised rents. Generate higher rents as-is or make improvements for much higher rents. 62.5' x. 159' lot size and 9,800 finished, above-grade square feet. NOTES--Two separate deeds; offered as single package (taxes and other data reflect the combined property). 405 has 8 units and 407 has 6. All units have separate electric. Owner pays gas heat and water. 405 has a high-efficiency recirculating boiler (94.2%). 407 has a newer boiler (not high-efficient). Both buildings renovated, updated, and constantly maintained since 1995. 407 fully updated electric. 405 common area not fully updated electric (but up to code). LOCATION--This impressive building is situated on a wide, tree lined -block, just one block from Clark Park and its fabulous Farmers' Market, Clarkville, and Green Line. Easy walk to Milk & Honey, Baltimore Avenue's Restaurant Row, Renata's, Penn Alexander Catchment School, Honest Tom's, Local 44 and the Bottle Shop, Pop Shop, CVS, and so many other coffee shops, restaurants, and shopping. Close to HUP, CHOP, Penn, Drexel, University of the Sciences, Presby, Science Center. 12 minutes to Center City by car or bike and plenty of convenient SEPTA options. INCOME & EXPENSES & RENTAL INFORMATION AVAILABLE.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RTA1

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881610500 & 881610600

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jeffrey Block • Compass RE
Bought with Non Member • Non Subscribing Office
agent

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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