405-407 S 42nd Street
Philadelphia, PA 19104

Sold

Sold for $2,230,000 on Apr 10, 2019

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 Avenues Restaurant Row, Renatas, Penn Alexander Catchment School, Honest Toms, 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.

Features

• Above Grade Fin SQFT: 9,600
• Above Grade Fin SQFT Source: Estimated
• Above Grade Finished Area Units: Square Feet
• Basement: Yes, Full
• Below Grade Fin SQFT Source: Assessor
• Below Grade Finished Area Units: Square Feet
• Below Grade Unfin Area Units: Square Feet
• Below Grade Unfin SQFT Source: Assessor
• Building Name: None Available
• Building Total SQFT: 4,800
• Building Units Total: 2
• Close Sale Type: Standard Sale
• Construction Materials: Masonry
• County/Area: Philadelphia County
• Electric Avg / Month: 100.0
• Electric Previous 12 Months: 1200.00
• Elementary School: Penn Alexander School
• Flooring Type: Hardwood
• Gross Income: $186680.00
• Heating: Natural Gas
• Heating Type: Radiator
• Heating Y/N: Yes
• Hot Water: Natural Gas
• Improvements: Above Grade, Below Grade
• Listing Status: Closed
• Lot Dimensions: 62.5 x 159
• Lot Dimensions Source: Assessor
• Lot Size: 0.2300
• Lot Size Source: Assessor
• Lot Size Units: Square Feet
• Lot SQFT: 9,938
• Middle School: Penn Alexander School
• One Bedroom Units Count: 10
• Operating Expense: 56411.00
• Operating Expense Includes: Insurance
• Ownership Interest: Fee Simple
• Photo Option: Lister Will Upload All
• Property Type: Multi Family Home
• School District: The School District Of Philadelphia
• SchoolDistrictSource: Listing Agent
• Selling Agent: Non Member
• Selling Office: Non Subscribing Office
• Sewer Septic: Public Sewer
• Single Room Units Count: 2
• Sold Date: 2019-04-10 00:00:00
• Sold Price: 2230000.00
• Sq.Ft.: 9600
• Sub Type: Detached
• Subdivision: University City
• Subdivision/Neighborhood: University City
• Tax Annual Amount: 22778.0
• Tax Year: 2019
• Total Below Grade SQFT Source: Assessor
• Total Finished SQFT: 9,600
• Total Finished SQFT Source: Estimated
• Total SQFT Source: Estimated
• Two Bedroom Units Count: 2
• Type Of Parking: On Street
• Water Avg / Month: 416.67
• Water Previous 12 Months: 5000.00
• Water Source: Public
• Year Built: 1920
• Year Built Source: Estimated
• Year Major Renovation/Remodel: 1995
• Zip Code: 19104
• Zoning: RTA1