321 N 40 Th St

Highlights:

• Days on Market: 114
• Heating: Central, Zoned

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.