700-02 North 40th Street

Philadelphia, PA 19104

$600,000
Price
Beds
5,490 Sq. Ft.
$109 / Sq. Ft.
5,490
Sq. Ft.
$109
per Sq. Ft.

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...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!
  1. Listed by Eric D Feinberg • Keller Williams Realty Group
    P: (484)-948-5872 ericfeinberg@kw.com

Property Details for 700-02 North 40th Street

Tax ID Number
061167100
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Views
Street
Garage
Yes
Cross Street
Fairmount Avenue
LISTING UPDATED: 11/20/2024 03:51 PM

Property Details for 700-02 North 40th Street

StatusActive
MLS #PAPH2414946
Days on Market45
Taxes$4,523 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1935
Lot Size0.15 AC / 6,331 SF
CountyPhiladelphia County

Building Information for 700-02 North 40th Street

Stories-Residences4Year Built1935Building Size-Lot Size0.15 AC / 6,331 SF

Property Information for 700-02 North 40th Street

Location
Location
  • Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station 1 to 5 miles
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • 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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $323,200
  • Year Assessed: 2024
  • Improvement Assessed Value: $239,760
  • City Town Tax: $1,989
  • Land Assessed Value: $83,440
  • Municipal Trash: No
  • Zoning: RM-1
  • School Tax: $2,532
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 9
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
Financial Information
Financial Information
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 55 X 115
  • Lot Dimensions Source: Estimated
  • Lot Features: Corner, Additional Lot(s)
  • Location Type: Urban
  • Parcel ID: 911397
Parking
Parking
  • Type Of Parking: On Street, Detached Garage
  • Num of Detached Garage Spaces: 1
  • Total Garage Spaces: 1
  • Parking Features: Secure Parking
  • Garage Features: Garage - Side Entry
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Fire Escape, Sidewalks, Street Lights
  • Outdoor Living Structures: Porch(es), Patio(s)
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 700-02 North 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 700-02 North 40th Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - 5 to 12
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Masterman Julia R Secondary School
Public5 to 12

Middle Years Alternative School
Public6 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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700-02 North 40th Street is a multi-family home for sale in Philadelphia, PA 19104. This property was listed for sale on November 15, 2024 by Keller Williams Realty Group, it's currently listed at $600,000. This listing's school district is The School District of Philadelphia. Nearby schools include Masterman Julia R Secondary School, Middle Years Alternative School and West Philadelphia High School. 700-02 North 40th Street is a 0-bed, 0-bath, 5,490 sqft multi-family home built in 1935.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Group

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.