Philadelphia, PA 19104,502-504 S 41ST ST
See all 15 photos
Philadelphia, PA 19104,502-504 S 41ST ST
Philadelphia, PA 19104,502-504 S 41ST ST
Philadelphia, PA 19104,502-504 S 41ST ST
Philadelphia, PA 19104,502-504 S 41ST ST

$1,537,000

Est. payment /mo

$1,650,000

6.8%
Est.Price: ?

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

SOLD DATE : 07/31/2019

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

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Jeffrey Block • Compass RE
Bought with Yan Jiang • LNY Realty, LLC
agent

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.