2,950 SqFt
2,950 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,950 sqft
Price per Sqft $627
MLS Listing ID PAPH2537876
Style Other
Abv Grd Liv Area 2,950
Year Built 2017
Annual Tax Amount $2,358
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Other
Source BRIGHT
Property Description
Powelton Village, adjacent to University City, Philadelphia. Constructed in 2018, the building features large, high-yielding units with premium finishes, private outdoor spaces, and in-unit laundry. The unit mix includes a majority of larger-than-average four-bedroom units, along with two- and threebedroom
units. Positioned just blocks from UPenn, Drexel University, Penn Presbyterian
Medical Center, and the Market-Frankford Line, 327 N 40th offers an investor secure long-term returns in one of the city's strongest rental corridors. The property is currently fully leased and generates $14,746/month in gross income. Offered at a 7.74% cap rate, the building has over 3 years on the
remaining tax abatement and $238/SF, this is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881161740
Ownership Fee Simple
SqFt Source 2950
Acceptable Financing Cash, Negotiable
Listing Terms Cash, Negotiable
Financing Cash,Negotiable
Special Listing Condition Standard
GET MORE INFORMATION
