724 N 40TH Street

    PHILADELPHIA, PA 19104
    • $249,999
    • STATUS: Active
    • ON SITE: 155 days
    • ID#: PAPH177706
    UPDATED: 108 min ago
    $249,999
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,398
      SQFT
    • $104
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1918
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator

    ©2019 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. 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: 2019-04-25T12:28:27.677.
    www.yourchestercountyhomesearch.com/homes/89568234

    724 N 40TH Street PHILADELPHIA, PA 19104

    • Price: $249,999
    • Status: Active
    • Updated: 108 min ago
    • ID#: PAPH177706
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,398
    SQFT
    $104
    $/SQFT
    1918
    Built
    Neighborhood:
    University City
    County:
    Philadelphia
    Area:
    19104 (19104)
    School District:
    The School District Of Philadelphia
    Property 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.
    Exterior Features

    Architectural Style Other Construction Materials Brick Garage Spaces 5.00 Garage Type Garage - Side Entry Garage YN Yes Other Structures Above GradeBelow Grade Parking Features Free Parking Types On StreetDetached Garage Pool No Pool Riparian Rights YN No Sign On Property YN N Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2398 Basement Partial Basement YN Yes Below Grade Finished Area 0 Building Area Total 2325.00 Cooling None Fireplace YN No Heating Other Heating YN Yes Laundry Type None Room List Master Bedroom Single Room Units 1 Three Bedroom Units 1 Two Bedroom Units 1

    Property Features

    Accessibility Features None Annual Gross Expense 1351.00 Association YN No Central Air YN No Condo YN No Cooling Fuel Other Cross Street Aspen Existing Lease Type Month To Month Heating Fuel Oil Hot Water Electric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 301061504740:TREND Ownership Interest Fee Simple Possession Settlement Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 1351.0 Tax Assessment Amount 96500.0 Tax Lot 125 Vacation Rental YN No Water Source Public Zoning Rsa3

    Listing courtesy of Homesmart Realty Advisors.
    ©2019 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. 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: 2019-04-25T12:28:27.677.
     
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