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616 N 42nd St, Philadelphia, PA 19104

$975,000
: 3,066
SqFt

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List Price: $975,000
Days on Market: 4
Status: ACTIVE
MLS#: PAPH2679454
Living Area: 3,066
Lot Size (Acres): 0.04
Style: Contemporary
Year Built: 2021
County: Philadelphia
School District: The School District Of Philadelphia

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Property Description

Fantastic opportunity to acquire a newer-construction, tax-abated quadruplex at 616 N 42nd Street. This modern multifamily investment features four residential units consisting of two 1-bedroom apartments and two 2-bedroom apartments, offering an attractive unit mix and multiple streams of rental income. The combination of newer construction and an existing tax abatement makes this an especially appealing opportunity for investors. Modern construction and systems can help minimize near-term capital expenditures and maintenance, while the tax abatement helps reduce operating expenses and strengthen the property's income potential. The mix of one- and two-bedroom apartments provides broad rental appeal, while the property's location offers convenient access to public transportation, neighborhood amenities, universities, and major routes throughout Philadelphia. Whether you're expanding an existing portfolio or looking for a newer multifamily asset with favorable tax benefits, 616 N 42nd Street offers an excellent opportunity for long-term investment and income growth.

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Additional Information

Area: 19104 (19104)
Subdivision: Philadelphia (West)
School District: The School District Of Philadelphia
Flooring: Hardwood, Tile
Heating: Forced Air
Cooling: Central Air
Roof: Flat, Rubber
Water: Public
Sewer: Public Sewer
Basement: Full