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Map
$615,000
●
Multifamily -
Off Market
312 N 40TH ST
PHILADELPHIA, PA 19104
Studio
0 Bath
$3,560
Estimated Monthly
$0
HOA / Fees
About This Property
Investor Owner Opportunity! This spacious duplex spans over 4200+
sqft, featuring two units and outdoor space, making it an
attractive investment in the heart of University City. Located less
than half a mile from both Drexel University and the University of
Pennsylvania campuses, this property is strategically positioned
for student housing demand.Unit A boasts five bedrooms and two
bathrooms, while Unit B offers five bedrooms and three bathrooms.
The property stands as a standalone structure with separately
metered utilities, ensuring efficiency and convenience. Each unit
is equipped with in-unit washers and dryers, kitchens adorned with
granite countertops and stainless steel appliances, and a sizable
rear yard accessible from Unit A and externally from Unit B.
The investment potential is underscored by the property's current monthly rental income of $4,750. Although currently vacant, this presents a prime opportunity for investors to capitalize on the burgeoning demand for housing in the area. This investment opportunity is situated in a redeveloped area boom, witnessing substantial growth and transformation over the past 8-10 years. Its proximity to both Drexel and Penn universities makes it an attractive choice for students and professionals alike. Convenience is key, with the property just two blocks away from Presbyterian Hospital, the 40th Street Station of the Market-Frankford Line, Penn's LUCY bus, and the vibrant 40th Street amenities, including restaurants, shops, and a supermarket between Market and Walnut Streets. Transportation is a breeze with easy access to the Bus route 40 and the Drexel bus, both just a half block away. Moreover, the property falls within the night patrol area of Drexel. Don't miss out on this exceptional investment opportunity in a thriving and strategically located University City neighborhood!
The investment potential is underscored by the property's current monthly rental income of $4,750. Although currently vacant, this presents a prime opportunity for investors to capitalize on the burgeoning demand for housing in the area. This investment opportunity is situated in a redeveloped area boom, witnessing substantial growth and transformation over the past 8-10 years. Its proximity to both Drexel and Penn universities makes it an attractive choice for students and professionals alike. Convenience is key, with the property just two blocks away from Presbyterian Hospital, the 40th Street Station of the Market-Frankford Line, Penn's LUCY bus, and the vibrant 40th Street amenities, including restaurants, shops, and a supermarket between Market and Walnut Streets. Transportation is a breeze with easy access to the Bus route 40 and the Drexel bus, both just a half block away. Moreover, the property falls within the night patrol area of Drexel. Don't miss out on this exceptional investment opportunity in a thriving and strategically located University City neighborhood!
Unit Size
-
Days on Market
137 days
Land Size
0.07 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$583
HOA Dues
-
Year Built
1920
Last updated: 2 months ago (Bright MLS #PAPH2297268)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 29, 2024 | Sold | $615,000 | |
Sold | |||
Mar 7, 2024 | In contract | - | |
In contract | |||
Nov 13, 2023 | Listed by Kurfiss Sotheby's International Realty | $725,000 | |
Listed by Kurfiss Sotheby's International Realty | |||
Mar 24, 2015 | Sold to Frank Setzer | $600,000 | |
Sold to Frank Setzer |
Property Highlights
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details
Interior Information
Interior Features: Sprinkler System
Flooring Type: Wood, Tile/Brick
Living Area Square Feet Source: Estimated
Basement Information
Has Basement
Full, Fully Finished
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Foundation Details: Concrete Perimeter
Other Structures: Above Grade, Below Grade
Roof: Flat
Structure Type: Detached
Window Features: Energy Efficient
Construction Materials: Masonry
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 25.00 x 115.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $499,400
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $3,154
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $499,400
Tax Year: 2022
Tax Annual Amount: $6,990
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Townhouse
5
Beds
5
Baths
2,432 ft²
$250/ft²
$607,000
Nov 6, 2016
$607,000
Dec 13, 2016
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
312 North 40th Street
312 North 40th Street, Philadelphia, PA 19104
- 1 Unit for Sale
About West Philadelphia
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