West Philadelphia - Woodland Terrace

502-504 S 41st St

Philadelphia, PA 19104
MLS# PAPH788738
$1,650,000
Sold
SOLD DATE: Jul 31, 2019

Listing provided courtesy of: Compass Pennsylvania, LLC

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.

  • Features:

    Public Sewer

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Listing provided courtesy of: Compass Pennsylvania, LLC. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information is deemed reliable but not guaranteed. © 2021 by BRIGHT MLS. All rights reserved. Listing last updated on 07/24/2021 18:25:06

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