See Home Value
$8,793,792*
Multifamily - Off Market

422 N 40TH STREET

PHILADELPHIA, PA 19104
bedrooms
Studio
bathrooms
0 Bath
square feet
4204 Sqft
$5,400,000 - $6,600,000
Reference Base Price*
46.56%
Since Oct 1, 2019
National-US
Primary Model

About 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.

The manager has listed the unit size as 4204 square feet.
Unit Size
4,204Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$1,427
Property Type
Multifamily
Property Taxes
$1,081
HOA Dues
-
Year Built
2015

Price History

Date / Event Date Event Price
Sep 17, 2019 Sold $5,520,000
Sold
Sep 8, 2019 No longer available -
No longer available
Apr 2, 2019 Relisted $6,000,000
Relisted
Apr 1, 2019 No longer available -
No longer available
Mar 22, 2019 Relisted $6,000,000
Relisted
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Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180905
09/05/2018
Studio
-
4204 ft²
$7,800,000
bedrooms
Studio
bathrooms
-
square feet
4204 ft²
-
-
-
-

Building Info

422 North 40th Street 422 North 40th Street, Philadelphia, PA 19104
More about this Building
422 North 40th Street
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