422 N 40TH ST Philadelphia, PA 19104

217609951 39.96119 -75.20245 230 /listing/217609951-150109488/422-n-40th-st-philadelphia-pa-19104 False 0 6000000.0 4204 105 1002491900 False
  • $6,000,000
  • 4,204 sqft
  • 0.04 lot
  • Est payment $32209.3/mo

Property & Neighborhood Info

Courtesy Of REDBLOCK Realty Inc.

Multi Family in PHILADELPHIA

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.

Courtesy Of REDBLOCK Realty Inc.
  1. 4,204 Sq. Ft.
  2. 0.04 Lot

Main Features

  • Listing Status: Active
  • Year Built: 2015
  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • County: Philadelphia
  • Taxes: $1,081.00
  • Tax Year: 2018
  • Subdivision: Powelton Village
  • MLS Number:1002491900

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Water Heater:
    • Electric
  • Rooms:
    • Master Bedroom
  • Laundry:
    • Washer In Unit
  • Fireplace Y/N:
    • No
  • Building Area Source:
    • Estimated
  • Building Square Feet:
    • 4204.00
  • New Construction:
    • Yes
  • Water Source:
    • Public
  • Waterfront:
    • No
  • Parking:
    • Street
  • Heating:
    • Heat Pump - Electric BackUp
  • Sewer:
    • Public Sewer
  • Water Access:
    • No
  • List Type (Exclusive):
    • Exclusive Right To Sell
  • Rental Features:
    • No
  • Sale Includes:
    • Land Only
  • Gross Expenses:
    • 1081.00
  • MLSSystem ID:
    • TREND
  • Possession:
    • 31-60 Days CD
    • 61-90 Days CD
  • Price Per SQFT:
    • 1427.21
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Christopher Artur
Christopher Artur
Broker/Owner

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422 N 40TH ST Philadelphia, PA 19104

217609951 39.96119 -75.20245 230 /listing/217609951-150109488/422-n-40th-st-philadelphia-pa-19104 False 0 6000000.0 4204 105 1002491900 False
  • $6,000,000
  • 4,204 sqft
  • 0.04 lot
  • Est payment $32209.3/mo