321 N 40TH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
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
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