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638 N 39th Street, Philadelphia, PA 19104
$219,000
638 N 39th Street, Philadelphia, PA 19104View this property at 638 N 39th Street, Philadelphia, PA 19104
638 N 39th StreetPhiladelphiaPA19104
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Property Description
🏡 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!
Full Property Details
Full Property Details for 638 N 39th St
General
- Price: $219,000
- Taxes: $393 (2022)
- Status: Active
- Type: Lots/Land
- MLS ID: PAPH2336278
- Updated: 4/1/2024
- Added to Site: 27 day(s) ago
Location
- Area: 19104 (19104)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Mantua
- Subdivision: Mantua
- Driving Directions: n 38th st
School Information
- School District: Philadelphia City
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Multi Residential
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,170
- Lot Size Source: Assessor
- Lot Dimensions: 18.00 x 65.00
- Zoning: RM1
Financial Considerations
- Price Per Sq. Ft.: $187.18
- Assessment Year: 2023
- School Tax: $215
- City/TownTax: $177
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $28,100
- Tax Amount: $393
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 236
Listed by Compass Pennsylvania, LLC, Reda B Akbil
Get Pre-Approved Today
Schools
Schools serving 638 N 39th St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
Belmont Elementary Charter School
4030 Brown St, Philadelphia, PA 19104 | PK-8 | 0.3 mi | |
4901 Chestnut St, Philadelphia, PA 19139 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 638 N 39th St
Date
Details
Price
Change
Source
3/31/2024
Listed
$219,000
-15.77%
MLS
1/13/2020
Sold
$260,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 638 N 39th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$393
-62%
$28,100
100%
2021
$1,048
167%
-100%
2023
$393
-62%
$64,800
-13%
2020
$1,048
1%
$74,900
1%
2019
$1,039
3%
$74,200
3%
2018
$1,009
-64%
$72,100
-64%
2017
$2,795
4%
$199,700
—
2015
$2,676
—
$199,700
—
2014
$2,676
—
$199,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 638 N 39th St
638 N 39th Street, Philadelphia, PA 19104 (MLS# PAPH2336278) is a Lots/Land property with a lot size of 0.03 acres. 638 N 39th Street is currently listed for $219,000 and was received on March 31, 2024. Want to learn more about 638 N 39th Street? Do you have questions about finding other Lots/Land real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.