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PRICE $1,300,000 dsIDX morgage calculator
BEDS 2
BATHS 1
HOME SIZE 6,300 sqft
LOT SIZE 2,178 sqft

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.


SCHOOLS
School District THE SCHOOL DISTRICT OF PHILADELPHIA

PRICE HISTORY
Prior to Jun 24, '20 $1,430,000
Jun 24, '20 - Today $1,390,000


ADDITIONAL DETAILS
AIR Central A/C
AIR CONDITIONING Yes
AREA PHILADELPHIA
BASEMENT Unfinished, Yes
CONSTRUCTION Masonry
HEAT Central
HOA DUES None
LOT 2178 sq ft
LOT DIMENSIONS 20.85 x 100.00
SEWER Public Sewer
STORIES 3
STYLE Unit/Flat
SUBDIVISION POWELTON VILLAGE
TAXES 1162.00
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 321 N 40TH ST
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Listing provided by Panphil Realty LLC, sold by Compass RE
BrightMLS

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Data last updated: 12/2/20 12:37 AM PST

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