$1,537,000
$1,650,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
502-504 S 41ST ST Philadelphia, PA 19104
7,980 SqFt
Key Details
Sold Price $1,537,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,980 sqft
Price per Sqft $192
Subdivision University City
MLS Listing ID PAPH788738
Sold Date 07/31/19
Style Other
HOA Y/N N
Abv Grd Liv Area 7,980
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $5,685
Tax Year 2020
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 84.5 x 154.5
Property Description
502-504 S. 41st is a rare 9 unit detached property (actually both sides of a really cool twin). It includes a rear lot that readily accommodates 8 cars (in a neighborhood known for tight parking). This property is situated on a 0.3-acre lot. Tremendous character but some deferred maintenance leaves room for great improvements. The 502 Property includes three 3-bedroom units. Impressive, original balconies. Hardwood floors. Landlord has typically rented 502 as one house, though it is currently rented as separate units. 504 has six units. Generate higher rents/reduce expenses with improvements. 84.5' x. 154.5' lot size and 7,980 finished, above-grade square feet. NOTES--Two separate deeds; offered as single package (taxes and other data reflect the combined property). All nine units have separate electric. 504 has separate gas (though tenants pay gas in both properties). Owner pays water (if 502 is rented as a single home, then tenants can pay gas and water). LOCATION--This impressive building is situated in an idea location just off the campus of University of The Sciences and close to Close to HUP, CHOP, Penn, Drexel, Presby, Science Center. 12 minutes to Center City by car or bike and plenty of convenient SEPTA options. Close to so many amenities: Easy walk to Clark Park and its fabulous Farmers' Market, Clarkville, Green Line Coffee, the movie theater, so many restaurants, and Fresh Grocer around 40th & Walnut, and all that University City has to offer. Plus 12 minutes to Center City by car or bike and plenty of convenient SEPTA options (one block from the Green Line hub). NOTE--The landlord currently does not rent the parking, so this is an additional source of income. Regarding 502, Landlord missed the current rental cycle to rent as an entire home, which curtailed the current income for this year. INCOME & EXPENSES & RENTAL INFORMATION AVAILABLE. Note--Property is on the Philadelphia Historic Register. It is subject to the jurisdiction of the Philadelphia Historic Commission.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RTA1
Rooms
Basement Other
Interior
Hot Water Natural Gas
Heating Forced Air, Radiator
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 271193100 & 88160900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Yan Jiang • LNY Realty, LLC
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