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!
Sold for $455,000 on 06/28/24
$455,000
1405 Reed St, Philadelphia, PA 19146
4beds
5baths
2,225sqft
Townhouse
Built in 1915
-- sqft lot
$-- Zestimate®
$204/sqft
$2,180 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,180/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 06, 2024 at 01:38pm
Listed by:
Matt Robertson 610-368-3272,
OCF Realty LLC - Philadelphia,
Co-Listing Agent: Kevin M Mcgettigan 856-347-0434,
OCF Realty LLC - Philadelphia
Bought with:
Mr. Jack Zhao, RS330511
GE21 Realty
Source: Bright MLS,MLS#: PAPH2316726
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,225
- Total interior livable area: 2,225 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,440 sqft
- Dimensions: 18.00 x 80.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 365347500
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Straight Thru
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Stone
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
HOA & financial
Other financial information
- Total actual rent: 48840
Other
Other facts
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2024 | Sold | $455,000-8.8%$204/sqft |
Source:  Bright MLS #PAPH2316726 | ||
| 5/3/2024 | Pending sale | $499,000$224/sqft |
Source: Bright MLS #PAPH2316726 | ||
| 3/21/2024 | Price change | $499,000-9.3%$224/sqft |
Source: Bright MLS #PAPH2316726 | ||
| 1/29/2024 | Listed for sale | $550,000+32.5%$247/sqft |
Source: Bright MLS #PAPH2316726 | ||
| 10/16/2017 | Sold | $415,000-7.8%$187/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $8,295 +0.1% | $592,600 +0.1% |
| 2025 | $8,284 | $591,800 |
| 2024 | $8,284 +112.3% | $591,800 |
Find assessor info on the county website
Neighborhood: Point Breeze
Nearby schools
GreatSchools rating
- 4/10Childs George W SchoolGrades: PK-8Distance: 0.1 mi
- 3/10South Philadelphia High SchoolGrades: PK,9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: The School District Of Philadelphia
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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