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257-259 S 46TH ST Philadelphia, PA 19139
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Key Details
Sold Price $1,420,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 5,910 sqft
Price per Sqft $240
Subdivision University City
MLS Listing ID PAPH1011284
Sold Date 08/19/21
Style Other
HOA Y/N N
Abv Grd Liv Area 5,910
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $11,398
Tax Year 2021
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 39.5 x 105.00
Property Description
Detached, 8 unit turn-key investment property with excellent income (gross rents of $129,240/year). Easy to rent and always occupied. Superb character and light throughoutexactly what tenants want in this perfect location. Both sides of a twin on a lovely Spruce Hill block in University City (Penn Alexander Catchment). This property includes four (4) two bedroom units, two (2) one bedroom units, and two (2) efficiencies. Amazing property within blocks of Clark Park and its phenomenal Farmers Market, Local 44, Bottle Shop, Green Line, ReAnimator Coffee, Knockbox Coffee, Vagrant Coffee, Taco Taco Mexican (formerly Honest Tom's), Tampopo, Pop Shop, Renata's, Clarkville, Baltimore Avenue Restaurant Row, CVS, movie theater, and much more. Walk to HUP, Penn, CHOP, Penn Vet, Drexel, University of the Sciences. 11 minutes to Center City by car and plenty of convenient SEPTA options. NOTES257 has four units, separate gas and electricity, all updated with original hardwood floors, front garden, front porch, rear yard. 259 has four units with shared heat and hot water, separate electric. Also updated with original character, front garden, and rear yard. Basement includes two sets of coin-op washers and dryers. In 259 basement but for use of both buildings. Owned, not rented and bring in approximately $1,300 per year. Gross Income $130,000+/year.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RTA1
Interior
Hot Water Natural Gas
Heating Other
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Lot Description Front Yard, Rear Yard, SideYard(s)
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Penn Alexander School
Middle Schools Penn Alexander School
School District The School District Of Philadelphia
Others
Tax ID 461165100 & 461165200
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Ben Finelli • RE/MAX Ready