x
New Construction
Address
422 N 40Th Street Philadelphia, PA
Price
$ 6,000,000
Property Attributes
  • MLS#1002491900
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19104
  • NeighborhoodPOWELTON VILLAGE
  • Zip19104
  • Style
  • Year Built2015
  • Taxes1081
  • Price$ 6,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,742 SqFt
Listing Provided Courtesy Of:
REDBLOCK Realty Inc.
Property Description

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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
9/5/2018 Listed $7,800,000
9/17/2018 17% - $6,500,000
10/24/2018 8% - $6,000,000

General Features

Accessibility None
County/Parish PHILADELPHIA
Garage Y/N No
MLS Area 19104 (19104)
New Construction Yes
Other Units Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9
Possession 31-60 Days CD, 61-90 Days CD
Price Per Sq Ft 1427.21
Property Condition Average+Prop
Property SubType Triplex
Property Type Multi-Family
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Structure Type Other
Tax Year 2018
Vacation Rental Y/N No
Zoning RM1

Interior Features

Basement Partial
Basement Y/N Yes
Central Air Y/N Yes
Cooling Central A/C
Fireplace Y/N No
Heating Heat Pump - Electric BackUp
Heating Y/N Yes
Hot Water Electric
Laundry Type Washer In Unit
Living Area 4204

Exterior Features

Architectural Style Other
Construction Materials Vinyl Siding, Brick
Garage Spaces 0.00
Lot Dimensions 20X90
Lot Size Acres 0.04
Lot Size Square Feet 1782.00
Navigable Water Y/N No
Other Structures Above Grade
Parking Features Street
Pool (Y/N) No Pool
Sewer Public Sewer
Type of Parking On Street
Water Access Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19104

Price
AVG $600K
$6M
Taxes
AVG $2,134
$1,081
Visits
AVG 13
97
Year Built
AVG 1939
2015
Walkscore
AVG 88
93
Data Provided by Walkscore ® not using MLS data

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