Philadelphia, PA 19104,616 N 40TH ST
Philadelphia, PA 19104,616 N 40TH ST
Philadelphia, PA 19104,616 N 40TH ST
Philadelphia, PA 19104,616 N 40TH ST
Philadelphia, PA 19104,616 N 40TH ST
Philadelphia, PA 19104,616 N 40TH ST
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$951,000

$1,100,000

13.5%
Est.Price: ?

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Est. payment /mo

4,968 SqFt


SOLD DATE : 08/09/2023

Key Details

Sold Price $951,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 4,968 sqft

Price per Sqft $191

MLS Listing ID PAPH2226364

Sold Date 08/09/23

Style Other

Abv Grd Liv Area 3,726

Originating Board BRIGHT

Annual Tax Amount $1,578

Tax Year 2022

Lot Size 1,735 Sqft

Acres 0.04

Lot Dimensions 28.00 x 62.00

Property Description

Enormous new construction triplex plus separate office space with street frontage. Rent to PENN, DREXEL, CHOP, PENN MEDICAL STUDENTS AND PROFESSIONALS! 4 units total! 1st floor apartment has large private yard with 2BR/2BATH. 2nd floor apartment has 3BR/3BATH. 3rd floor apartment has 3BR/3BATH with access to oversized roofdeck. Being sold at estimated 6.5% pro forma cap rate. Construction is almost complete. 10 year tax abatement! Disclosure: For security reasons, while vacant, property has alarm and remote video surveillance.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source None

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction Y

Schools

Elementary Schools Charles R. Drew

Middle Schools Alain Locke Elemementary

High Schools Overbrook

School District The School District Of Philadelphia

Others

Tax ID 885051860

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ilya Rabovetsky • REDBLOCK Realty Inc.
Bought with Alyce Gerhardt • Compass RE
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