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Key Details
Sold Price $2,230,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $464
Subdivision University City
MLS Listing ID PAPH719388
Sold Date 04/10/19
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $14,641
Tax Year 2019
Lot Size 9,938 Sqft
Acres 0.23
Property 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 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.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RTA1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881610500 & 881610600
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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