638 North 39th Street
638 North 39th Street
Listed By Compass
Listed By Compass
Description
This opportunity presents a truly shovel-ready LAND for a multi-family property boasting 4 units, approved FULL 10 year TAX ABATEMENT as opposed to the prorated one and a projected annual rental income of $87,000, offering an 8%+ cap rate.
Key Features:
✅ Fully Permitted: Zoning and building permits are paid for and in hand, ensuring a smooth and efficient development process....🏡 Introducing a Prime Investment Opportunity in University City and Mantua area with an 8%+ cap rate on a turnkey project 🏡
This opportunity presents a truly shovel-ready LAND for a multi-family property boasting 4 units, approved FULL 10 year TAX ABATEMENT as opposed to the prorated one and a projected annual rental income of $87,000, offering an 8%+ cap rate.
Key Features:
✅ Fully Permitted: Zoning and building permits are paid for and in hand, ensuring a smooth and efficient development process. All MEP's, structural, soil test, etc are done and paid for.
✅ Income Potential: With a thoughtfully designed layout featuring a mix of 2 to 3-bedroom units, this property is poised to generate substantial rental income in a high-demand area.
✅ Turnkey Solution: The seller offers the option for a fully turnkey development, providing the option to build it for the new owner, providing a seamless experience for potential buyers.
🔑 Hassle-Free Management: The seller provides the option to fully lease and manage the building in-house, offering convenience and peace of mind for investors.
💰 Seller Financing can be an option.
Location Highlights:
🌟 Booming Area: University City and Mantua are experiencing a surge of developments, driven by the growing demand from students and young professionals in the medical and educational industries.
🌟 Nearby Developments: The area is seeing major developments like uCity Square and Schuylkill Yards,
plus individual projects throughout the district. Additionally, the prestigious "Haverford Square" project is a testament to the immediate area's growth, featuring a mix of multi-family and mixed-use developments with 166+ unit development including some rentals, and for sale townhomes, that will span several adjacent sites and include a large supermarket, 15,000-SF ambulatory medical center, a cafe, and public gathering space, retail space. parks, etc.
Don't miss out on this exceptional investment opportunity in a rapidly growing area. Contact me today to learn more and secure your stake in this thriving market!
Listing Agent
![Reda Akbil]()
reda.akbil@compass.comP: 267.205.1369
Property Details for 638 North 39th Street
Location
Property Details for 638 North 39th Street
| Status | Active |
|---|---|
| MLS # | PAPH2336278 |
| Days on Market | 29 |
| Taxes | $393 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Land / Fee Simple |
| Year Built | - |
| Lot Size | 0.03 AC |
| County | Philadelphia County |
Location
Building Information for 638 North 39th Street
Payment Calculator
$1,228 per month
30 year fixed, 7.25% Interest
$1,195
$33
$0
Property Information for 638 North 39th Street
- School District Name: PHILADELPHIA CITY
- School District County ID: 802785881492
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19104 (19104)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2022
- Tax Assessed Value: $28,100
- Year Assessed: 2023
- County Tax: $0
- Improvement Assessed Value: $0
- City Town Tax: $177
- Clean Green Assessed: No
- Land Use Code: S30
- Zoning: RM1
- Tax Lot: 236
- School Tax: $215
- Automatically Update Tax Values Y/N: Yes
- Farm Land Preservation Y/N: No
- Lot Size Source: Assessor
- Lot Size Dimensions: 18.00 x 65.00
- Lot Dimensions Source: Assessor
- Current Use: Multi Residential
- Parcel ID: 1028699
- Additional Parcels: No
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Greater Philadelphia Association of REALTORS
Property History for 638 North 39th 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 638 North 39th Street
Schools near 638 North 39th Street
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 | ||
Paul Robeson High School For Human Services 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.
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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.
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.