700-02 N 40TH ST, Philadelphia, PA 19104 - MLS#PAPH2414946

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Sonia Castro

[email protected] +1(484) 554-7672

$600,000

Est. payment - /mo

5,490 SqFt

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UPDATED:

11/20/2024 07:51 PM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,490 sqft

Price per Sqft $109

MLS Listing ID PAPH2414946

Style Other

Abv Grd Liv Area 5,490

Originating Board BRIGHT

Year Built 1935

Annual Tax Amount $4,523

Tax Year 2024

Lot Size 6,331 Sqft

Acres 0.15

Lot Dimensions 55 X 115

Property Description

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!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM-1

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling None

Flooring Carpet, Wood

Inclusions To be determined.

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es), Patio(s)

Parking Features Garage - Side Entry

Garage Spaces 1.0

Water Access N

View Street

Roof Type Flat

Accessibility None

Porch Porch(es), Patio(s)

Total Parking Spaces 1

Garage Y

Building

Lot Description Corner, Additional Lot(s)

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 061167100

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Private, Negotiable

Listing Terms Cash, Private, Negotiable

Financing Cash,Private,Negotiable

Special Listing Condition Standard

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Listed by Eric D Feinberg • Keller Williams Realty Group

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Sonia Castro

+1(484) 554-7672

Broker

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