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Tom Englett, Realtor

Philadelphia, Pennsylvania
Real Estate Agent
215-284-9432
Contact Us

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Listing 20 out of 47
$329,000 For Sale

724 N 40th Street
Philadelphia, PA 19104

Multi Family Home
2614 sq ft lot - MLS# PAPH177706
Property Photo

Description

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.

Features

  • Property Type: Multi Family Home
  • Sub Type: Triplex
  • Listing Status: Active
  • County/Area: Philadelphia County
  • Zip Code: 19104
  • Year Built: 1918
  • Subdivision/Neighborhood: University City
  • School District: The School District Of Philadelphia
  • Sq.Ft.: 2,398 sq ft
  • Basement: Yes, Partial
  • Garage: 5-Car, Yes, Garage - Side Entry
  • Lot Size: 2614 sq ft lot
  • Zoning: RSA3
  • # of Detached Garage Spaces: 5
  • Above Grade Fin SQFT: 2,398
  • Above Grade Fin SQFT Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Annual Gross Expense: 1351.00
  • Below Grade Fin SQFT Source: Estimated
  • Below Grade Finished Area Units: Square Feet
  • Building Area Units: Square Feet
  • Building Total SQFT: 2,325
  • Building Total SQFT Source: Estimated
  • Building Units Total: 4
  • Construction Materials: Brick
  • Heating: Oil
  • Heating Y/N: Yes
  • Hot Water: Electric
  • Improvements: Above Grade, Below Grade
  • Land Use Code: N50
  • Lot Dimensions: 22X109
  • Lot SQFT: 2,398
  • Lot Size Units: Square Feet
  • One Bedroom Units Count: 1
  • Original Listing ID: 7285036
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 3
  • Ownership Interest: Fee Simple
  • Parking Features: Free
  • Photo Option: Lister Will Upload All
  • Room List: Master Bedroom
  • Sewer Septic: Public Sewer
  • Single Room Units Count: 1
  • Tax Annual Amount: 1351.0
  • Tax Year: 2018
  • Three Bedroom Units Count: 1
  • Total Below Grade SQFT Source: Estimated
  • Total Finished SQFT: 2,398
  • Total Finished SQFT Source: Estimated
  • Total Garage and Parking Spaces: 6
  • Total Non-Garage Parking Spaces: 1
  • Total SQFT Source: Estimated
  • Two Bedroom Units Count: 1
  • Type Of Parking: On Street, Detached Garage
  • Water Source: Public
  • Year Built Source: Estimated
Courtesy of Homesmart Realty Advisors

 

 

 

Tom Englett | 215-627-6005 | Contact Us 
530 Walnut St, Suite 480, Philadelphia, PA 19106
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