724 N 40TH STREET, Philadelphia, Pennsylvania, 19104

Great property with amazing income potential. Property is emptied out and ready to go. Unique Corner triplex property with five garages. Property is zoned residential, however it has been grandfathered in as an operating quad with 5 garages. (See attachment) 7% CAP rate on the garages alone. Potential rent roll up to $5,000/month! Property being sold AS-IS, needs a full rehab. Conventional,and cash buyers. Bring your buyers and come check it out. Great ARV in the area, don't miss this steal.

Closed

$329,000

Single Family / Detached

0.06 Acres

MLS

PAPH177706

137.200 per sqft

Built in 1918

UNIVERSITY CITY

1351.0 (2018)

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ADDRESS & DIRECTIONS

  • Street Address: 724 N 40TH STREET
  • City: Philadelphia
  • State: Pennsylvania
  • County: Philadelphia
  • Subdivision: UNIVERSITY CITY
  • Directions:
    SEE GPS

PROPERTY FEATURES

Amenities

  • Basement

General Information

  • Pool Features: No Pool
  • Below Grade Area Total: 0   Square Feet

Heating /Cooling Features

  • Cooling Fuel: Other
  • Has Heating
  • Heating Type: Other
  • Heating Fuel: Oil

Rooms Information

  • Room List: Master Bedroom
  • 1 Single Room Units
  • Two Bedroom Units : 1
  • Three Bedroom Units : 1
  • One Bedroom Units : 1
  • Other Units : Unit 1,Unit 2,Unit 4,Unit 3

Parking Features

  • With Garage
  • 5 Detached Garage Space(s)
  • 6 Garage And Parking Space(s)
  • 1 Open Parking Space(s):
  • Parking Types : On Street,Detached Garage
  • Garage Type: Garage - Side Entry
  • 5 Garage Space(s)
  • Parking Features: Free

Construction Features

  • Construction Materials: Brick
  • With Basement
  • Basement : Partial

Utility Information

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Electric

Other Features

  • Year Built Source: Estimated
  • MLS Area: 19104 (19104)
  • Zoning: RSA3

SCHOOLS NEAR 724 N 40TH STREET

  • Courtesy of HomeSmart Realty Advisors, Catawba Bond
  • Property last updated on BRIGHT : 10/1/2019 12:03:07 PM