257-259 South 46th Street

Philadelphia, PA 19139

$1,420,000
Last Sold Price
10
Beds
7
Baths
5,910 Sq. Ft.
$240 / Sq. Ft.
5,910
Sq. Ft.
$240
per Sq. Ft.

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,...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.

Listing Agent

  1. Jeff City Block

    Jeff City Block

    Listing Agent

    Compass

    jeff.block@compass.com

    P: 215.833.7088

Property Details for 257-259 South 46th Street

Tax ID Number
461165100 & 461165200
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
05-04-2021

Location

Sold By RE/MAX Ready

Add your commute
LISTING UPDATED: 08/26/2022 02:38 AM

Property Details for 257-259 South 46th Street

StatusClosed
MLS #PAPH1011284
Days on Market39
Taxes$11,398 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1925
Lot Size0.10 AC / 4,356 SF
CountyPhiladelphia County

Location

Sold By RE/MAX Ready

Add your commute

Building Information for 257-259 South 46th Street

Stories-Residences4Year Built1925Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$8,699 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,750

Property Taxes

$950

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 257-259 South 46th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • Elementary School: PENN ALEXANDER SCHOOL (PHILADELPHIA PA)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: PENN ALEXANDER SCHOOL (PHILADELPHIA PA)
  • MiddleSchoolSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19139 (19139)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $814,200
  • Year Assessed: 2021
  • County Tax: $0
  • Clean Green Assessed: No
  • Land Use Code: N70
  • Zoning: RTA1
  • Tax Lot: 62
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Water, Sewer, Common Area Maintenance, Electricity, Snow Removal, Taxes - Real Estate, Trash Collection
  • Concessions: Yes
  • Concessions Amount: $2,500
Unit Information
Unit Information
  • Single Room Units Count: 2
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7
  • Units Leased Count: 8
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Full Baths Count: 1
  • Unit Type Features: $1,750 (starts 6/2021) ends June 30, 2022
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 0
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
  • Unit Type Features: Month to Month with 60 Day Notice
Unit 5
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Half Baths Count: 1
  • Full Baths Count: 1
Unit 6
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Beds Total: 0
  • Full Baths Count: 1
Unit 7
  • Type: Unit 7
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Full Baths Count: 1
Unit 8
  • Type: Unit 8
  • Unit Type Occupied YN: No
  • Beds Total: 2
  • Full Baths Count: 0
  • Unit Type Features: $1,800 (starts 7/2021)
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Snow Removal, Trash
  • Insurance Expense: $4,864
  • Trash Expense: $1,000
Financial Information
  • Gross Income: $130,540
  • Annual Rental Income: $129,240
  • Income Includes: Apartment Rentals, Laundry
  • Existing Lease Type: Yearly, Month to Month
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 5,910.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 39.5 x 105.00
  • Lot Dimensions Source: Estimated
  • Lot Features: Front Yard, Rear Yard, SideYard(s)
  • Parcel ID: 1215610
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Other
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS
  • List Agent URL: www.cityblockteam.com

Property History for 257-259 South 46th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 257-259 South 46th Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Penn Alexander School
PublicK to 8

West Philadelphia High School
Public9 to 12

The Workshop School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.