New Construction
Listed By:
Archstone Realty
Address
424 N 40Th Street, Philadelphia, PA
Price
$ 1,149,900
Property Attributes
  • MLS#PAPH2276646
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19104
  • NeighborhoodPowelton Village
  • Zip19104
  • StyleBi-level
  • Year Built2016
  • Taxes$ 2502
  • Price$ 1,149,900
  • Bedrooms10
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.04 Acres
Data Source:
Bright MLS
Property Description

INCREDIBLE INVESTMENT OPPORTUNITY! 424 N 40th st is 4 upscale units with shared roof deck. Each unit offering luxury and tastefully designed bi-level floor plan, hardwood flooring, stainless-steel appliances, access to roof deck and/or courtyard and tons of square footage. As you enter each unit, you are met with a large open-concept common space and extremely spacious bedrooms with sizable walk-in closets and lots of natural light! Located in Powelton Village. Newly built in 2016 with 10 year tax abatement (4 remaining)! Tenants pay own electric, heating, and cooling. All units have a washer/dryer and intercom system. All yearly leases, 1 lease per apartment. Easy to manage and lease. Low expenses! Minutes to PENN, Drexel, CHOP, PENN Hospitals. Located within the University City District Patrol area. Steps away from subway, trolley, and bus stop. Easy access to 30th Street Station and all nearby universities. Incredible investment opportunit and Cash flow from day 1! Disclosure: Broker has financial interest and is related to the seller.

Price History
9/11/2023 Listed $1,149,900

General Features

Interior Features Bar,Breakfast Area,Built-Ins,Combination Kitchen/Living,Combination Kitchen/Dining,Floor Plan - Open,Intercom,Walk-in Closet(s)
Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession 0-30 Days CD
Zoning RM1
Architectural Style Bi-level
Construction Materials Masonry
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 2016
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
OwnerPays Advertising/Licenses and Permits,Insurance,Sewer,Taxes - Real Estate,Trash Collection,Water
Accessibility None
County PHILADELPHIA
New Construction Yes
Property Type Multi-Family
Subdivision Name POWELTON VILLAGE
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status ACTIVE
Directions use GPS
ModificationTimestamp 2024-05-18T16:28:13
City PHILADELPHIA
Buyer Agent Compensation 2
Disclosures Agent has Financial Interest,Agent Related to Owner
NumberOfUnitsTotal 4
MLS Area 19104 (19104)
Lot Size Units Square Feet
Lot Size Square Feet 1782.00
Tax Assessed Value 178740.0
Waterfront Y/N No
Number of Units Leased 4
Tax Annual Amount 2502.0
Property Condition Excellent
Two Bedroom 2
Structure Type Interior Row/Townhouse
Other Units Unit 1,Unit 2,Unit 4,Unit 3
Price Per Sq Ft Total AG 273.53
Construction Completed Y/N Yes
Vacation Rental Y/N No
Total SQFT 4204
Days on Market 284
Standard Status Active
Year Built Source Assessor
Tax Lot 207
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Basement Daylight,Full
Hot Water Electric
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Central Air Y/N Yes
LivingAreaSource Assessor
Three Bedroom Units Count 2

Exterior Features

Pool No Pool
Water Source Public
Type of Parking On Street
Land Use Code W70
Foundation Details Other
Water View Y/N No
Lot Dimensions 20.00 x 90.00
Lot Size Acres 0.04
Lot Size Source Assessor
Land Assessed Value 178740.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19104

Price
AVG $750K
$1.15M
Taxes
AVG $3,367
$2,502
Visits
AVG 367
831
Data Provided by Inside Real Estate®
Year Built
AVG 1956
2016