1 /
16
Map
$8,793,792*
●
Multifamily -
Off Market
422 N 40TH STREET
PHILADELPHIA, PA 19104
Studio
0 Bath
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.
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 |
Show More
Property Highlights
Air Conditioning
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/05/2018
|
|
Studio
|
-
|
4204 ft²
|
$7,800,000
Studio
-
4204 ft²
|
-
-
|
-
|
-
|