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: 231 22 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
      • Building Total SqFt 4204.00
      • Cooling Type Central A/C
      • Garage Spaces Count 0.00
      • Heating Type Heat Pump - Electric BackUp
      • Sewer Septic Public Sewer
      • Style Other
    • Property Features
      • Lot Size Dimensions 20X90
      • Lot Size Acres 0.04
    • Schools
      • School District THE SCHOOL DISTRICT OF PHILADELPHIA

    Contact

    Customer Care

    Administrator

    BHHS Fox & Roach Corporate Office

    Mobile Phone: 866-486-5636
    Home Buyers Warranty

    Neighborhood

    Market Last 30 Days

    $289,500 Median Sales Price
    8 Homes Sold
    20 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $6,000,000 -7.69%
        9/5/2018 1:30:00 PM New in Database Source New Value: $6,500,000

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