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Map
$499,000
↓ $51K (9.3%)
●
Townhouse -
For Sale
1405 REED ST
PHILADELPHIA, PA 19146
Studio
0 Bath
$2,451
Estimated Monthly
$0
HOA / Fees
About This Property
Calling all investors, come check out this amazing opportunity to
purchase in an already up and coming area of the the city.
Conveniently located 1 block from Broad street, this 5-unit income
producing property is ideal for your investment portfolio! The
building has 4 one bedroom units and 1 studio. Three of the five
units have been updated and have significant room to raise rents.
Updating on the remaining units would bring all apartments to
market rent and make this asset an amazing cash flowing investment.
Tenants pay all utilities except for water. All leases and
rental licenses available upon request. Please allow 48 hours for
showing approval. Make an appointment ASAP before this property is
sold!
Unit Size
-
Days on Market
91 days
Land Size
0.03 acres
Price per sqft
-
Property Type
Townhouse
Property Taxes
$690
HOA Dues
-
Year Built
1915
Listed By
Last updated: 2 months ago (Bright MLS #PAPH2316726)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 21, 2024 | Price Decreased |
$499,000
↓ $51K
(9.3%)
|
|
| Price Decreased | |||
| Jan 29, 2024 | Listed by OCF Realty LLC - Philadelphia | $550,000 | |
| Listed by OCF Realty LLC - Philadelphia | |||
| May 27, 2022 | Sold to Joseph Dietrich, Philip Div... | $480,000 | |
| Sold to Joseph Dietrich, Philip Div... | |||
| May 6, 2013 | Sold to Gretchen Wendel | $297,800 | |
| Sold to Gretchen Wendel | |||
Property Highlights
Parking Details
Parking Features: None
Interior Details
Interior Information
Living Area Square Feet Source: Assessor
Basement Information
Has Basement
Unfinished
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Foundation Details: Stone
Other Structures: Above Grade, Below Grade
Structure Type: Interior Row/Townhouse
Construction Materials: Masonry
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 18.00 x 80.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $591,800
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $3,738
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $591,800
Tax Year: 2022
Tax Annual Amount: $8,284
Year Assessed: 2023
Utilities Details
Cooling Type: None
Heating Type: Baseboard - Electric
Cooling Fuel: None
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
1405 REED ST
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
6
Beds
3
Baths
3,146 ft²
$164/ft²
$515,000
Nov 15, 2018
$515,000
May 14, 2019
-
Townhouse
5
Beds
3
Baths
2,500 ft²
$190/ft²
$475,000
May 6, 2019
$475,000
Aug 28, 2019
-
Townhouse
3
Beds
3
Baths
1,248 ft²
$449/ft²
$560,000
Nov 14, 2022
$560,000
Apr 20, 2023
-
Sold
Townhouse
4
Beds
3
Baths
1,700 ft²
$285/ft²
$485,000
Apr 17, 2019
$485,000
Sep 10, 2019
-
Townhouse
6
Beds
4
Baths
3,000 ft²
$203/ft²
$607,500
Apr 19, 2023
$607,500
May 24, 2023
-
Townhouse
7
Beds
2
Baths
2,865 ft²
$152/ft²
$435,000
Nov 24, 2021
$435,000
Mar 15, 2022
-
In Contract
Townhouse
4
Beds
3
Baths
2,200 ft²
$257/ft²
$564,999
Apr 21, 2023
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
About South Philadelphia
Similar Homes for Sale
Nearby Rentals
$1,600 /mo
- 2 Beds
- 1.5 Baths
- 1,400 ft²
$1,600 /mo
- 1 Bed
- 1 Bath
- 639 ft²
Listed by: Matthew Robertson
OCF Realty LLC - Philadelphia
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# PAPH2316726
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
OCF Realty LLC - Philadelphia
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# PAPH2316726
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
