422 N 40TH St, Philadelphia, PA, 19104

422 N 40TH St, Philadelphia, PA, 19104 < >
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for sale
$6,000,000
Lot Size:0.04 Acres
Year Built:2015
Status:Active
MLS #:1002491900
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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Go See This Property
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.
Interior Details
Architectural Style: OtherBasement Type: Partial
Living Area SQFT: 4204

Exterior Details
Garage Spaces Count: 0.00Lot Size Acres: 0.04
Lot Size Dimensions: 20X90Lot SQFT: 1782.00
Navigable Water YN: NParking Features: Street

Community Information
County: PHILADELPHIACross Street: SPRING GARDEN
MLS Area: 19104 (19104)Subdivision Name: POWELTON VILLAGE
Zoning: RM1

School Details
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Property Information From MLS Data
Accessibility Features: NoneNew Construction YN: Y
Property Sub Type: TriplexYear Built: 2015

Utilities
Cooling Type: Central A/CHeating Type: Heat Pump - Electric BackUp
Hot Water: ElectricSewer Septic: Public Sewer
Water Source: Public

Walk Score® for 422 N 40TH St
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Monthly Payment for 422 N 40TH St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$6,000,000
Down Payment:
Loan Amount:$4,800,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Ilya Rabovetsky, MGC Real Estate Group

Information obtained from MDBMLS is current as of 7/20/2019 8:21 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.