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4700 Chestnut St
For Sale $3,400,000
$3,400,000
- 1 Units
- Unknown Sq Ft
- 2,054 Sq Ft
- Unknown Cap Rate
Description
This brand-new, fully occupied 15-unit apartment building in the highly desirable West Philadelphia area offers an incredible investment opportunity for anyone looking to expand their real estate portfolio. With a mix of modern, well-designed units and a strong, steady rental income, this property promises excellent long-term returns.
The building features a thoughtful layout spread across three floors and a basement. The first floor includes one one-bedroom apartment and two studio apartments, while the second floor offers two two-bedroom units and one one-bedroom unit. The third floor consists of six bi-level, one-bedroom, one-and-a-half-bathroom units, and the basement level features three studio apartments. All units are equipped with modern kitchens and bathrooms, and the building has been constructed to the highest standards, including new appliances throughout. A convenient elevator serves the first two levels, making it easy for residents to access their apartments. The building also includes a coin-operated washer and dryer in the common area, adding additional convenience for tenants.
Located in the thriving University City area, this property is just minutes away from the University of Pennsylvania and Drexel University, making it a highly desirable location for students and professionals. With its prime location and fully occupied status, the building offers strong rental demand and consistent income potential. To sweeten the deal, the property comes with a 10-year tax abatement, making it an even more attractive investment.
This is a rare opportunity to acquire a high-quality, fully leased building in a growing and vibrant neighborhood—an ideal addition to any investor’s portfolio.
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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 | $3,400,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2023 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881145031 |
| MLS # | PAPH2454858 |
| Property ID | 320605597 |
| Lot Sqft | 2,054 |
| Zoning | RM1 |
| Total Units | 1 |
| Days on Market | 14 |
| Original List Price | Unknown |
| Date Updated | March 09, 2025 |
| Date Created | March 08, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Joseph B Bograd an agent of . Lic #AB066484
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Data last updated: March 22, 2025.
Robert Crawford
REAL ESTATE AGENT