321 N 40th St, Philadelphia, PA 19104

$1,500,000
5,792
SqFt

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List Price
$1,500,000
Days on Market
6
Status
ACTIVE
MLS#
PAPH2675566
Living Area
5,792
Lot Size (Acres)
0.05
Style
Other
Year Built
2016
County
Philadelphia
School District
The School District Of Philadelphia

Property Description

This fully occupied five-unit building commands an annual gross rental income of over $132,000. 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.

Additional Information

Area
19104 (19104)
School District
The School District Of Philadelphia
Flooring
Wood
Heating
Central, Zoned
Cooling
Central Air, Zoned
Roof
Flat
Water
Public
Sewer
Public Sewer
Basement
Unfinished

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Listing courtesy of Compass Pennsylvania, LLC. Contact: