Active
321 N 40th St
Philadelphia PA, 19104
$1,575,000
$271.93 per sqft
Active
5,792 sqft
Commercial
Built in 2016
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.
PAPH2411392
MLSⓇ ID
October 18, 2024
Listed
January 8, 2025
Updated
Map
321 N 40th St
Philadelphia PA, 19104
Interior Features
Appliances
Electric Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Zoned, Electric
Exterior/Building Features
Lot Size
0.05 Acres
Sewer
Public Sewer
Other Property Details
Area Name
PHILADELPHIA
Taxes
$1,618
Tax Frequency
Annually
Days on Market
83
Garage
No
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Listed by Compass Pennsylvania, LLC
Listing Contact: 6109966000
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Data last updated on 1/8/2025 at 8:20 AM UTC