PA
PHILADELPHIA
PHILADELPHIA
19104
321 N 40TH STREET
321 N 40TH STREET, PHILADELPHIA, PA 19104
Listing Type
Multi Family
Listing Status
active
15
$1,575,000

Home Details for 321 N 40TH STREET

Price
$1,575,000
Type
Residential Income
Bedrooms
4
Bathrooms
0.0
Square feet
5792
Year built
2016
Lot size acres
0.05
County
PHILADELPHIA
Garage
Basement
Unfinished
Days on site
141
MLS Listing#
PAPH2411534
Listing Courtesy: Compass RE - 610-822-3356
Property Description

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.

Property Features
  • Cooling Information
    • Central Air
    • Zoned
    • Electric
  • Heating Information
    • Electric
    • Central
    • Zoned
  • Water Features
    • Public
  • Parking
    • None
  • Basement
    • Unfinished
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Last Updated: 2025-01-24 04:45:32
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EXIT ELEVATE REALTY
1450 Grays Ferry Ave. 1st Floor, Philadelphia, PA 19143
Office
215 623 6000
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