For sale
  • $1,850,000

    327 N 40th St, Philadelphia, PA 19104

    18beds
    --baths
    2,950sqft
    : 
    Multi Family
    Built in 2017
    -- sqft lot
    $-- Zestimate®
    $627/sqft
    $-- HOA

    What's special

    Premium finishesLarge high-yielding unitsIn-unit laundryPrivate outdoor spacesLarger-than-average four-bedroom units
    327 N 40th Street is a fully stabilized six-unit multifamily property located in the heart of West 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.
    20 days
    |
    113
    |
    8
    |
    • Loading
    • Loading