257-259 S 46th Street, Philadelphia, PA 19139

$1,600,000
5,910
SqFt
List Price
$1,600,000
Days on Market
5
Status
ACTIVE
MLS#
PAPH1011284
Living Area
5,910
Lot Size (Acres)
0.1
Style
Other
Year Built
1925
County
Philadelphia
School District
The School District Of Philadelphia

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 throughout—exactly 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. NOTES—257 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.

Additional Information

Area
19139 (19139)
Subdivision
University City
Taxes
$11398
School District
The School District Of Philadelphia
Elementary School
Penn Alexander School
Middle School
Penn Alexander School
Heating
Other
Heating Fuel
Natural Gas
Cooling
None
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Compass Pennsylvania, LLC.

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