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321 N 40th St
For Sale $1,575,000
$1,575,000
- Units
- Unknown Sq Ft
- 2,085 Sq Ft
- Unknown Cap Rate
Description
This fully occupied five-unit building commands an annual gross rental income of over $128,000. Constructed in 2016, it benefits from a tax abatement that will continue through 2026. Each unit is equipped with separate utilities and dedicated HVAC systems, ensuring optimal comfort and efficiency.
The apartments showcase high-quality finishes, including hardwood flooring, granite and stainless-steel kitchens with Shaker cabinetry, dishwashers, built-in microwaves, and tile bathrooms. Each unit includes its own washer and dryer, and all but one apartment is partially furnished. Additionally, a spacious unfinished basement provides ample storage.
The property consists of two 5-bedroom, 2-bath units, one 4-bedroom, 2-bath unit, and two 2-bedroom, 1-bath units.
Located in the thriving West Powelton neighborhood, this property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania, along with a variety of dining and coffee options. With multiple convenient SEPTA transportation options available, it is less than ten minutes by car or bicycle to Center City—an undeniable opportunity for any investor.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,575,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2016 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881161690 |
| MLS # | PAPH2411392 |
| Property ID | 295432514 |
| Lot Sqft | 2,085 |
| Zoning | RM1 |
| Days on Market | 38 |
| Original List Price | Unknown |
| Date Updated | October 18, 2024 |
| Date Created | October 17, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Jordan B Wiener an agent of Compass Pennsylvania, LLC. Lic #RS229414
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Data last updated: November 24, 2024.
Robert Crawford
REAL ESTATE AGENT