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
Above Ground Finished SqFt 2950
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
Nearby Locations
- 10
Penn Alexander School
Public | KG - 8
- 9
Gamp
Public | 5 - 12
- 9
Masterman Julia R Secondary School
Public | 5 - 12
- 7
Christopher Columbus Charter School
Public | KG - 8
- 6
Albert M. Greenfield School
Public | KG - 8
- 6
Independence Charter School
Public | KG - 8
- 6
D. Newlin Fell School
Public | KG - 8
- 5
Russell Byers Charter School
Public | PK - 6
- 5
Philadelphia Performing Arts Charter School
Public | KG - 8
- 5
Abram Stockton Jenks School
Public | KG - 4
- 5
Alliance for Progress Charter School
Public | KG - 8
- 5
Mastery Charter School - Thomas Campus
Public | KG - 12
- 5
Eliza Butler Kirkbride School
Public | KG - 8
- 4
Overbrook Elementary School
Public | KG - 6
- 4
Philadelphia Montessori Charter School
Public | PK - 6
- 4
Andrew Hamilton School
Public | KG - 8
- 4
Mastery Charter School Mann Elementary
Public | KG - 6
- 4
Discovery Charter School
Public | KG - 8
- 4
Martha Washington Elementary Academics
Public | KG - 8
- 4
Robert Morris School
Public | KG - 8
- 4
Boys Latin of Philadelphia Charter School
Public | 6 - 12
- 4
Mastery Charter School -Shoemaker Campus
Public | 7 - 12
- 2
The Sd of Philadelphia Virtual Academy
Public | 6 - 12
- 1
Dimner Beeber Middle School
Public | 6 - 8
- 1
World Communications Charter School
Public | 6 - 12
- 0
Kohelet Yeshiva High School
Private | 8 - 12
- 0
Wordsworth Academy
Private | 6 - 12
- 0
Student Education Center & Delaware Valley High School
Private | 8 - 12
- 8
Science Leadership Academy
Public | 9 - 12
- 8
Academy at Palumbo
Public | 9 - 12
- 7
Carver High School
Public | 9 - 12
- 5
Preparatory Charter School of Mathematics Science
Public | 9 - 12
- 5
Creative and Performing Arts
Public | 9 - 12
- 5
Philadelphia Electrical & Tech Chs
Public | 9 - 12
- 5
Parkway-Center City
Public | 9 - 12
- 4
Motivation High School
Public | 9 - 12
- 4
Parkway West
Public | 9 - 12
- 4
Paul Robeson High School for Human Services
Public | 9 - 12
- 4
Franklin Lc
Public | 9 - 12
- 1
William L. Sayre High School
Public | 9 - 12
- 1
Overbrook High School
Public | 9 - 12
- 1
John Bartram High School
Public | 9 - 12
- 1
West Philadelphia High School
Public | 9 - 12
- 1
The Workshop School
Public | 9 - 12
- 1
School of the Future
Public | 9 - 12
- 1
Universal Audenried Charter High School
Public | 9 - 12
- 1
Strawberry Mansion High School
Public | 9 - 12
- 1
South Philadelphia High School
Public | 9 - 12
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Partner | Lic# AB057316L