502-504 South 41st Street
502-504 South 41st Street
$1,537,000
9
7,980
7,980
$193
Closed 7/31/19
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...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.
Listing Agent
Property Details for 502-504 South 41st Street
Tax ID Number
271193100 & 88160900
OwnershipFee Simple
HOANo
Structure TypeOther
StyleOther
WaterfrontNo
GarageNo
SubdivisionUNIVERSITY CITY
Location
LISTING UPDATED: 05/06/2022 03:03 PM
Property Details for 502-504 South 41st Street
Status | Closed |
---|---|
MLS # | PAPH788738 |
Days on Market | 24 |
Taxes | $5,685 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1930 |
Lot Size | 0.30 AC / 13,058 SF |
County | Philadelphia County |
Location
Building Information for 502-504 South 41st Street
Stories-Residences3Year Built1930Building Size-Lot Size0.30 AC / 13,058 SF
Payment Calculator
$8,862 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 502-504 South 41st Street
Property History for 502-504 South 41st Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 502-504 South 41st 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 | ||
Paul Robeson High School For Human Services 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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