405-407 S 42ND ST $2,230,000

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    405-407 S 42ND ST PHILADELPHIA, PA 19104

    • 4,800 sq.ft.
    • 0.23 Acres
    • Commercial
    MLS# PAPH719388
    SOLD 4/10/2019

    $2,230,000

    Market Estimate
    Days On Market: 164 0 Views
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    Property Details

    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.

    • General Features
      • County PHILADELPHIA
      • HOA Y/N N
      • New Construction Y/N N
      • Sale Type Standard
      • Tax Annual Amount 14641.0
      • Tax Year 2019
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1920
      • Zoning RTA1
    • Building Features
      • Building Total SqFt 9600.00
      • Building Units Total 0
      • Business Type Apartment Building
      • Cooling Fuel None
      • Cooling Type None
      • Garage Y/N N
      • Heating Fuel Natural Gas
      • Heating Type Radiator
      • Sewer Septic Public Sewer
      • Total Living Area 4800
    • Property Features
      • Lot Size Acres 0.23
    • Schools
      • School District THE SCHOOL DISTRICT OF PHILADELPHIA

    Neighborhood

    Market Last 30 Days

    $245,500 Median Sales Price
    10 Homes Sold
    20 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        4/10/2019 3:00:00 AM Sold Source New Value: $2,230,000

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