Skip To Content
    Return to Previous Page

    705 N 40TH Street

    PHILADELPHIA, PA 19104
    • $225,000
    • STATUS: Active Under Contract
    • ON SITE: 95 days
    • ID#: PAPH905950
    Under Contract
    UPDATED: 86 min ago
    $225,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,400
      SQFT
    • $94
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    RARE AND INCREDIBLE OPPORTUNITY to own an income producing TRIPLEX in HOT HOT HOT University City. New construction lining the entire block. All three units are 2 bedroom, 1 bath apartments. Framing complete, roof replaced in 2008, rough electric complete & inspection done, all plumbing drainage installed, otherwise in need of full rehab. Incredible views of the Center City Skyline from the top unit. Projected total monthly rental income= $4500-5500/mo. When renovated, ARV $625,000+. 701 & 703 N 40th Street (to right of property) is about to break ground with 11 luxury condos. Schedule your private tour today.

    Monthly Payment Calculator



    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Murray & Co. Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-26T09:51:20.007.
    www.mcre.com/homes/107088465
    Print Image

    705 N 40TH Street PHILADELPHIA, PA 19104

    • Price: $225,000
    • Status: Active Under Contract
    • Updated: 86 min ago
    • ID#: PAPH905950
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    2,400
    SQFT
    $94
    $/SQFT
    1960
    Built
    Neighborhood:
    19104 (19104)
    County:
    Philadelphia
    Area:
    19104 (19104)
    School District:
    The School District Of Philadelphia
    Property Description
    RARE AND INCREDIBLE OPPORTUNITY to own an income producing TRIPLEX in HOT HOT HOT University City. New construction lining the entire block. All three units are 2 bedroom, 1 bath apartments. Framing complete, roof replaced in 2008, rough electric complete & inspection done, all plumbing drainage installed, otherwise in need of full rehab. Incredible views of the Center City Skyline from the top unit. Projected total monthly rental income= $4500-5500/mo. When renovated, ARV $625,000+. 701 & 703 N 40th Street (to right of property) is about to break ground with 11 luxury condos. Schedule your private tour today.
    Exterior Features

    Architectural Style Traditional Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2400 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplaces Total 0 Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 3

    Property Features

    Acceptable Financing CashFha 203(K) Accessibility Features None Assessment Year 2020 Association YN No Central Air YN No Cooling Fuel None Heating Fuel Natural Gas Hot Water Electric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 304173032823 Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 2030.00 Tax Assessment Amount 145000.00 Tax Lot 141 Vacation Rental YN No Water Source Public Zoning Rm1

    Listing courtesy of Keller Williams Philly.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Murray & Co. Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-26T09:51:20.007.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304173032823-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304173032823-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304173032823-2.jpg
    Logo
    Murray & Co. Real Estate
    123 Main Street
    Frederick MD, 12345