321 N 40TH Street Philadelphia, PA 19104 Municipality: Philadelphia

Multi-Family Residence

Beds

Baths

5,792 Sq. Ft.

0.05 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 1/7/2025 8:33 AM

Listing Details

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 Cityâan undeniable opportunity for any investor. Continue reading

MLS#

PAPH2411392

Property Type

Multi-Family

Year Built

2016

Square Feet

5,792 sq. ft

Price per Sq. Ft.

$271.93

Lot Size

0.05