312 North 40th Street
312 North 40th Street
$615,000
10
5
4,324
4,324
$142
Closed 3/29/24
Description
Investor Owner Opportunity! This spacious duplex spans over 4200+ sqft, featuring two units and outdoor space, making it an attractive investment in the heart of University City. Located less than half a mile from both Drexel University and the University of Pennsylvania campuses, this property is strategically positioned for student housing demand. Unit A boasts five bedrooms and two bathrooms, while Unit B offers five bedrooms and three bathrooms. The property stands as a standalone structure with...Investor Owner Opportunity! This spacious duplex spans over 4200+ sqft, featuring two units and outdoor space, making it an attractive investment in the heart of University City. Located less than half a mile from both Drexel University and the University of Pennsylvania campuses, this property is strategically positioned for student housing demand. Unit A boasts five bedrooms and two bathrooms, while Unit B offers five bedrooms and three bathrooms. The property stands as a standalone structure with separately metered utilities, ensuring efficiency and convenience. Each unit is equipped with in-unit washers and dryers, kitchens adorned with granite countertops and stainless steel appliances, and a sizable rear yard accessible from Unit A and externally from Unit B. The investment potential is underscored by the property's current monthly rental income of $4,750. Although currently vacant, this presents a prime opportunity for investors to capitalize on the burgeoning demand for housing in the area. This investment opportunity is situated in a redeveloped area boom, witnessing substantial growth and transformation over the past 8-10 years. Its proximity to both Drexel and Penn universities makes it an attractive choice for students and professionals alike. Convenience is key, with the property just two blocks away from Presbyterian Hospital, the 40th Street Station of the Market-Frankford Line, Penn’s LUCY bus, and the vibrant 40th Street amenities, including restaurants, shops, and a supermarket between Market and Walnut Streets. Transportation is a breeze with easy access to the Bus route 40 and the Drexel bus, both just a half block away. Moreover, the property falls within the night patrol area of Drexel. Don't miss out on this exceptional investment opportunity in a thriving and strategically located University City neighborhood!
- Listed by James McFadden • Kurfiss Sotheby's International RealtyP: 2679800166 mcfadden@kurfiss.com
- Listed by Camilla F Whetzel • Kurfiss Sotheby's International RealtyP: 2158703138 kim@kurfiss.com
Property Details for 312 North 40th Street
Tax ID Number
061162500
OwnershipFee Simple
Structure TypeDetached
StyleOther
WaterfrontNo
GarageNo
SubdivisionPOWELTON VILLAGE
SubdivisionPOWELTON VILLAGE (PHILADELPHIA PA)
Location
LISTING UPDATED: 03/30/2024 12:07 AM
Property Details for 312 North 40th Street
Status | Closed |
---|---|
MLS # | PAPH2297268 |
Days on Market | 115 |
Taxes | $6,990 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1920 |
Lot Size | 0.07 AC / 2,875 SF |
County | Philadelphia County |
Location
Building Information for 312 North 40th Street
Stories-Residences2Year Built1920Building Size-Lot Size0.07 AC / 2,875 SF
Payment Calculator
$3,939 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 312 North 40th Street
Property History for 312 North 40th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 312 North 40th Street
Taxable ValueLand$99,880Additions$399,520Total$499,400
Tax Record2023$6,991 ($583 / month)
Home Facts
Total Finished SqFt1,876 SqFtAbove Grade Finished SqFt1,876 SqFtStories3Lot Size2,875 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningRM1CountyPHILADELPHIAAPN06-1-1625-00
Schools near 312 North 40th Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 5 to 8 |
Rating | School | Distance |
---|---|---|
Locke Alain School PublicK to 8 | ||
West Philadelphia High School Public9 to 12 | ||
Paul Robeson High School For Human Services Public9 to 12 | ||
Middle Years Alternative School Public5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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