Philadelphia, PA 19104,321 N 40TH ST
Philadelphia, PA 19104,321 N 40TH ST
Philadelphia, PA 19104,321 N 40TH ST
Philadelphia, PA 19104,321 N 40TH ST
Philadelphia, PA 19104,321 N 40TH ST
Philadelphia, PA 19104,321 N 40TH ST
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Patricia K. Gallardo
$ 1,575,000
Est. payment | /mo

5,792 SqFt


Save
$ 1,575,000
Est. payment | /mo
Save

5,792 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 5,792 sqft

Price per Sqft $271

MLS Listing ID PAPH2411534

Style Other

Abv Grd Liv Area 5,792

Originating Board BRIGHT

Year Built 2016

Annual Tax Amount $1,618

Tax Year 2024

Lot Size 2,085 Sqft

Acres 0.05

Lot Dimensions 21.00 x 100.00

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.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Rooms

Basement Unfinished

Interior

Hot Water Electric

Heating Central, Zoned

Cooling Central A/C, Zoned

Fireplace N

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility Other

Parking Type None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881161690

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Jordan B Wiener • Compass RE
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+1(703) 980-4594

pkghomes@gmail.com

1765 Greensboro Station Place, Suite 900, Mclean

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321 N 40TH ST