π‘ Introducing a Prime Investment Opportunity in University City and Mantua area π‘ 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: β 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. β 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. β 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. π 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. π° Seller Financing can be an option. Location Highlights: π 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. π 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!
Property Details
Property Features
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 435-8015
Listing Agent: Reda B Akbil
Lot Features
Lot Information:
Lot Size: 0.03 Acres
School Info
Assigned Schools Information:
West Philadelphia High School, Public District Grades 9-12
Belmont Charter School, Public Charter Grades KG-8
Other
Directions Information:
Directions: n 38th st
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $219,000
Tax Information:
Annual Amount: $1,048
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $38.6K less than the Median Sold Price in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2336278
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 435-8015
Listing Agent: Reda B Akbil
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Belmont Charter School
4030 Brown St
Distance between this listing and this school0.32 miles
Public Charter Grades KG-8
High School
3
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school1.12 miles
Public District Grades 9-12
Assigned Schools
4
/10
Belmont Charter School
4030 Brown St
Distance between this listing and this school0.32 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Morton McMichael School
3543 Fairmount Ave
Distance between this listing and this school0.31 miles
Public District Grades KG-8
5
/10
Samuel Powel Elementary School
301 N 36th St
Distance between this listing and this school0.44 miles
Public District Grades KG-4
Nearby Schools
6
/10
Middle Years Alternative School for the Humanities MYA
4725 Fairmont Ave
Distance between this listing and this school0.82 miles
Public District Grades 5-8
3
/10
Global Leadership Academy Charter School
4601 W Girard Ave
Distance between this listing and this school1.03 miles
Public Charter Grades KG-8
4
/10
Discovery Charter School
4700 Parkside Ave
Distance between this listing and this school1.17 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school1.12 miles
Public District Grades 9-12
Nearby Schools
6
/10
Paul Robeson High School For Human Services
4125 Ludlow St
Distance between this listing and this school0.58 miles
Public District Grades 9-12
2
/10
School of The Future
4021 Parkside Ave
Distance between this listing and this school0.79 miles
The neighbors living near this home have an average income of $25,536. The majority of Philadelphia, PA residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 638 N 39th St
What is the listing price of this property?
The listing price of 638 N 39th St property is $219,000.
What type of property is this?
The property 638 N 39th St is land located in Philadelphia, Pennsylvania, 19104.
Is this property for sale now?
Active Listing: 638 N 39th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 638 N 39th St are: Belmont Charter School: GreatSchools Rating 4/10West Philadelphia High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,048 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 23, 2020 for $260,000. (source: MLS/tax record).
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This home is located at 638 N 39th St in Philadelphia, PA and zip code 19104 in the Mantua neighborhood. This home sits on a 0.03 acre lot. It has been listed on Rocket Homes since March 27, 2024 and is currently priced at $219,000.
Philadelphia, PA housing market in March 2024 saw over 228 listings sold above listed price, more than 214 sold at listed price and over 481 sold below. The number of homes for sale in Philadelphia, PA increased by 4.6% between February 2024 and March 2024. Listings spent 54 days on the market in March 2024, and had a median list price of $257,610 during the same period.
From Rocket Homes Real Estate and based on county public records data.