700 02 N 40th Street
Philadelphia, PA 19104
- – beds
- – baths
- 5,490 sqft
- 6,331 sqft lot
- $109 per sqft
- 1935 build
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!
Listing courtesy of BRIGHT / Keller Williams Realty Group
Last checked:
Checking…
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Last updated Nov 16, 2024
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MLS# PAPH2414946 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1935
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Other
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Structure Type:Other
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Architectural Style:Other
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Building Levels:3
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Building Units Total:4
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Roof:Flat
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Accessibility Features:None
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Foundation Details:Other
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Basement:Yes
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Basement Type:Unfinished
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Total SqFt Source:Estimated
Interior
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Flooring Type:Carpet, Wood
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:5490
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Living Area SqFt:5,490 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Private, Negotiable
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Possession:Negotiable, Settlement
Location
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Directions:The building is at the corner of Fairmount Avenue and North 40th Street.
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Cross Street:Fairmount Avenue
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Latitude:39.96525000
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Longitude:-75.20297000
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Location Type:Urban
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.15
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Lot Size Source:Estimated
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Lot Size Dimensions:55 X 115
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Lot Dimensions Source:Estimated
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Lot Features:Corner, Additional Lot(s)
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Lot SqFt:6,331 Sqft
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Inclusions:To be determined.
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Exclusions:To be determined.
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Zoning:RM-1
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View:Street
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Outdoor Living Structures:Porch(es), Patio(s)
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Other Structures:Above Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (484) 948-5872
- Office phone:
- (610) 792-5900
Taxes
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Tax ID Number:061167100
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Tax Year:2024
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Tax Annual Amount:$4,523
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Tax Assessed Value:$323,200
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Year Assessed:2024
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School Tax:2532.0
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City/Town Tax:1989.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Exterior Features:Fire Escape, Sidewalks, Street Lights
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Pool:No Pool
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Association Recreation Fee:No
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Municipal Trash:No
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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
Parking
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Total Garage and Parking Spaces:1
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Garage:Yes
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Garage Features:Garage - Side Entry
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Garage Spaces:1.00
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Type of Parking:On Street, Detached Garage
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Parking Features:Secure Parking
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# of Detached Garage Spaces:1
Extra Units
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Vacation Rental:No
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One Bedroom Units:9
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/15/24
Nov 15, 2024
|
Listed / Active | BRIGHT | $600,000 |