616 North 40th Street

Philadelphia, PA 19104

$951,000
Last Sold Price
Beds
4,968 Sq. Ft.
$191 / Sq. Ft.
4,968
Sq. Ft.
$191
per Sq. Ft.

Description

Enormous new construction triplex plus separate office space with street frontage. Rent to PENN, DREXEL, CHOP, PENN MEDICAL STUDENTS AND PROFESSIONALS! 4 units total! 1st floor apartment has large private yard with 2BR/2BATH. 2nd floor apartment has 3BR/3BATH. 3rd floor apartment has 3BR/3BATH with access to oversized roofdeck. Being sold at estimated 6.5% pro forma cap rate. Construction is almost complete. 10 year tax abatement! Disclosure: For security reasons, while vacant, property has alarm...Enormous new construction triplex plus separate office space with street frontage. Rent to PENN, DREXEL, CHOP, PENN MEDICAL STUDENTS AND PROFESSIONALS! 4 units total! 1st floor apartment has large private yard with 2BR/2BATH. 2nd floor apartment has 3BR/3BATH. 3rd floor apartment has 3BR/3BATH with access to oversized roofdeck. Being sold at estimated 6.5% pro forma cap rate. Construction is almost complete. 10 year tax abatement! Disclosure: For security reasons, while vacant, property has alarm and remote video surveillance.
  1. Listed by Ilya Rabovetsky • REDBLOCK Realty Inc.
    P: 2153315252 info@redblockrealty.com

Property Details for 616 North 40th Street

Tax ID Number
885051860
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
Yes

Location

Listing Courtesy of REDBLOCK Realty Inc.

Sold By Compass Pennsylvania, LLC

Add your commute
LISTING UPDATED: 08/09/2023 04:37 PM

Property Details for 616 North 40th Street

StatusClosed
MLS #PAPH2226364
Days on Market83
Taxes$1,578 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built-
Lot Size0.04 AC / 1,735 SF
CountyPhiladelphia County

Location

Listing Courtesy of REDBLOCK Realty Inc.

Sold By Compass Pennsylvania, LLC

Add your commute

Virtual Tour

Building Information for 616 North 40th Street

Stories-Residences4Year Built-Building Size-Lot Size0.04 AC / 1,735 SF

Payment Calculator

$5,321 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,190

Property Taxes

$132

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 616 North 40th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: 3rd Party
  • Elementary School: CHARLES R. DREW (PHILADELPHIA PA)
  • ElementarySchoolSource: 3rd Party
  • Middle Or Junior School: ALAIN LOCKE ELEMEMENTARY (PHILADELPHIA PA)
  • MiddleSchoolSource: 3rd Party
  • High School: OVERBROOK (PHILADELPHIA PA)
  • HighSchoolSource: 3rd Party
  • County: PHILADELPHIA
  • MLS Area: 19104 (19104)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $112,800
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $0
  • City Town Tax: $712
  • Land Assessed Value: $112,800
  • Clean Green Assessed: No
  • Land Use Code: SC
  • Zoning: RM1
  • Tax Lot: 176
  • School Tax: $866
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 2
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 4,968.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 28.00 x 62.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 911385
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: None
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Bucks County Association of REALTORS

Property History for 616 North 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 616 North 40th Street

Taxable ValueLand$112,800Additions-Total$112,800
Tax Record2023$1,579 ($132 / month)
Home Facts
Total Finished SqFt2,010 SqFtAbove Grade Finished SqFt2,010 SqFtStories6Lot Size1,735 SqFtStyleMulti-Family Dwelling (2-4)ZoningRM1CountyPHILADELPHIAAPN88-5-0518-60

Schools near 616 North 40th Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Middle Years Alternative School
Public5 to 8

West Philadelphia High School
Public9 to 12

Philadelphia Learning Academy - South
Public9 to 12

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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REDBLOCK Realty Inc.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.