MLS® ID: 7245314

422 N 40TH STREET

PHILADELPHIA, Pennsylvania, 19104

$6,000,000 Active
  • - SQFT
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.
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Listing courtesy of REDBLOCK Realty Inc.

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19104
  • Office name
    REDBLOCK Realty Inc.
  • Subdivision
    POWELTON VILLAGE
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    RM1
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    2015
  • Lot size
    0.04
  • Sewer
    Public Sewer
  • Heating
    Heat Pump - Electric BackUp
  • Agent name
    Ilya Rabovetsky
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    After 2010
  • Office ID
    REDBLOCK
  • Agent ID
    3194557

Location

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