422 N 40TH ST, PHILADELPHIA, PA 19104 (MLS # 1002491900)
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.
|Last Updated||10/24/2018||Tract||POWELTON VILLAGE|
|School District||THE SCHOOL DISTRICT OF PHILADELPHIA|
|Prior to Sep 17, '18||$7,800,000|
|Sep 17, '18 - Oct 24, '18||$6,500,000|
|Oct 24, '18 - Today||$6,000,000|
|CONSTRUCTION||Brick, Vinyl Siding|
|HEAT||Heat Pump - Electric BackUp|
|LOT||1742 sq ft|
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