Philadelphia, PA 19104,321 N 40TH ST
Philadelphia, PA 19104,321 N 40TH ST
Philadelphia, PA 19104,321 N 40TH ST
6
$1,300,000
$1,390,000
6.5%
Est.Price: ?

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2 BD
1 BA
6,300 SqFt

321 N 40TH ST Philadelphia, PA 19104

Est. payment /mo
SOLD DATE : 09/24/2020

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Key Details

Sold Price $1,300,000

Property Type Single Family Home

Sub Type Unit/Flat/Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 6,300 sqft

Price per Sqft $206

Subdivision Powelton Village

MLS Listing ID PAPH867538

Sold Date 09/24/20

Style Unit/Flat

Bedrooms 2

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 6,300

Originating Board BRIGHT

Year Built 2016

Annual Tax Amount $1,162

Tax Year 2020

Lot Size 2,085 Sqft

Acres 0.05

Lot Dimensions 20.85 x 100.00

Property Description

All leases secured for school year 2020-2021. 100% rent it out. Zero vacancy. Five-year old apartment building with LEGAL Five-Units. Monthly rent income is $10,500 with 15% to 20% rent increase potential. Current rent is below market rent. Fully rented with mostly long-term tenants to July/August of 2020. Property locates at North 40th Street and Powelton Street area. Easy access to campus bus and subway. Walking distance to University of Pennsylvania and Drexel University.It has 6 years of tax abatement left and has 4 stories with a huge unfinished basement as storage. Each apartment is fully furnished with central air/heating, washer/dryer in unit, hard wood floor. granite countertops, all wood cabinets, stainless steel appliances, dish washer, huge bright windows, and big bedrooms. Tenants pay all utilities.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM-1

Rooms

Basement Unfinished

Main Level Bedrooms 2

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility Other

Garage N

Building

Story 3

Unit Features Garden 1 - 4 Floors

Sewer Public Sewer

Water Public

Architectural Style Unit/Flat

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Senior Community No

Tax ID 881161690

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Nanxing Wei • Panphil Realty, LLC
Bought with Susan J Henley • Compass RE

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Bradley Perez

Agent | License ID: 1972347

+1(609) 383-5668

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