422 N 40TH ST, PHILADELPHIA, PA 19104

422 N 40TH ST $6,000,000

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    422 N 40TH ST PHILADELPHIA, PA 19104

    • 0 Beds
    • 0 Baths
    • 4,204 sq.ft.
    • Multi-Family
    MLS# 1002491900 | Active
    Days On Market: 288 37 Views
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    Property Details

    PACKAGE SALE 18 upscale units throughout 5 buildings sharing a courtyard, 46 bedrooms. Located in West Powelton / Powelton Village. Fully leased, no vacancy, no delinquency. Newly built in 2015. 10 year tax abatement (7 remaining)! Low expenses! Tenants pay own electric, heating, and cooling. All units have a washer/dryer. Easy to manage and lease. Minutes to PENN, Drexel, CHOP, PENN Hospitals. There are 18 yearly leases, 1 lease per apartment. Professionally managed, great reviews. Owners do not rent rooms, thus easy to manage. Located steps from subway, trolley, and bus stop. Easy access to 30th Street Station and all nearby universities. Police station around the corner. Located within the University City District Patrol area. Property offers courtyard access and roofdeck access to most units. Tremendous opportunity for long-term hold. Cash flow from day 1! Disclosure: Some information in Trend may not be accurate due to limited ability to list over 9 units, etc. Addresses included are 422 N 40th (4 units), 426A N 40th (4 units), 426B N 40th (4 units), 443 Wiota (3 units), and 439 Wiota (3 units). Disclosure: Broker has financial interest.

    • General Features
      • County PHILADELPHIA
      • HOA Y/N N
      • New Construction Y/N Y
      • Pool No Pool
      • Tax Annual Amount 1081.0
      • Tax Year 2018
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 2015
      • Zoning RM1
    • Building Features
      • Basement Type Partial
      • Cooling Type Central A/C
      • Garage Spaces Count 0.00
      • Garage Y/N N
      • Heating Type Heat Pump - Electric BackUp
      • Sewer Septic Public Sewer
      • Style Other
      • Total Living Area 4204
    • Property Features
      • Lot Size Acres 0.04
      • Lot Size Dimensions 20X90
      • Parking Features Street
    • Schools
      • School District THE SCHOOL DISTRICT OF PHILADELPHIA

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    Market Last 30 Days

    $229,950 Median Sales Price
    16 Homes Sold
    28 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $6,000,000
        9/5/2018 1:30:00 PM New in Database Source

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