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700-702 N 40th St
Philadelphia, PA 19104
Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- 2 HUGE CORNER LOTS!
- Possibility to develop 14 apartments OR MORE
- ZONED RM-1 and 55 FEET WIDE BY 115 FEET DEEP
EXECUTIVE SUMMARY
ATTENTION Investors and Builders!! Great opportunity in one of the fastest growing zip codes in Philadelphia, University City! LOCATION LOCATION LOCATION...get in now while you still can. University City is one of the fastest growing sections of the city with tons of rental demand from Drexel University, Penn University, and young professionals. The Schuylkill Yards Development is proceeding and going to double or triple values here. These 2 HUGE CORNER lots have tons of development potential. ZONED RM-1 and 55 FEET WIDE BY 115 FEET DEEP!!! 700 North 40th Street is 25 feet wide and 702 North 40th Street is 30 feet wide according to public record and both lots are 115 feet deep. With the possibility to develop 14 apartments OR MORE, this is a can't miss opportunity. Bring your offers fast, this one won't last long! Properties are being sold AS-IS!
PROPERTY FACTS
| Price Per Unit | $85,306 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Sale Condition | Deferred Maintenance | Building Size | 7,971 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 0.13/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM1 - Residential and Commercial | ||
| Price Per Unit | $85,306 CAD |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,971 SF |
| No. Stories | 3 |
| Year Built | 1935 |
| Parking Ratio | 0.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM1 - Residential and Commercial |
AMENITIES
UNIT AMENITIES
- Basement
- Patio
- Porch
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Individual Locking Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
PROPERTY TAXES
| Parcel Number | 881818800 | Improvements Assessment | $194,158 CAD |
| Land Assessment | $83,211 CAD | Total Assessment | $277,369 CAD |
PROPERTY TAXES
Parcel Number
881818800
Land Assessment
$83,211 CAD
Improvements Assessment
$194,158 CAD
Total Assessment
$277,369 CAD
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