CHARIS REALTY GROUP

Other

329 N 40TH STREET

PHILADELPHIA , PA 19104

MLS#: PAPH2398888

$1,750,000

Status: Active
Listing number: PAPH2398888
Listing provided by: Panphil Realty, LLC
Listing agent phone: None
Last update: a month ago
On site: 1 year, 4 months ago
Browse Properties
UNIVERSITY CITY - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2018

Sq.Footage

8,000

This is new construction done five years ago. There are 6 apartments with 20 bedrooms and 17 bathrooms. Walking distance to UPenn and Drexel. It still has close to 5 years of tax abatement. Fully furnished apartments. Fully rented each year. Great cash flow with 10% to 20% rent increase potential. Contact me for tour.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    8000.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.06

  • Property Type

    Residential Income

  • Property Sub Type

    Townhouse

  • Architectural Style

    Other

Price

  • Sales Price

    $1,750,000

  • Tax Amount

    2520.0

  • Sq. Footage

    8, 000

  • Price/SqFt

    $218

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    173

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

PHILADELPHIA

Elementary School

Middle School

High School

Listing Courtesy of Nanxing Wei , Panphil Realty, LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Randy Perrell

AGENT

Randy Perrell

Call Randy today to schedule a private showing.

(301) 305-5383

randy@wolfeteam.net


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
This is new construction done five years ago. There are 6 apartments with 20 bedrooms and 17 bathrooms. Walking distance to UPenn and Drexel. It still has close to 5 years of tax abatement. Fully furnished apartments. Fully rented each year. Great cash flow with 10% to 20% rent increase potential. Contact me for tour.

329 N 40TH STREET

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .
#PAPH2094662

PHILADELPHIA

1016 COTTMAN AVENUE

7 Beds

None Baths

N/A

$1,680,000

MLS#: PAPH2094662

719 N 16th St is a fully-leased, luxury quadruplex sat on a prime corner lot in booming Francisville. All units are large bi-levels with bright open layouts, hardwood floors, stainless steel appliances, quartz counters, designer tile, and in-unit laundry. The top two units have private roof decks. The property has approx. 8-years remaining on the tax abatement and 1 parking spot. This fantastic location earns a Walk Score of 93! Fairmount Ave is less than a block away, and it's close to shops, restaurants, public transit, Broad St, and I-76.
#PAPH2166510

PHILADELPHIA

719 N 16TH STREET

8 Beds

None Baths

N/A

$1,950,000

MLS#: PAPH2166510

Prime Brewerytown Investment Opportunity – Fully Occupied 7-Unit Condo-Ready Building. Welcome to 1234 N. 30th Street, Units 1–7, a fully occupied 7-unit multifamily asset located in the heart of Brewerytown, one of Philadelphia’s most rapidly appreciating neighborhoods. The property consists of six (6) 2-bedroom / 2-bath units and one (1) 3-bedroom / 2-bath unit, all currently leased and producing $11,360 in gross monthly rent. Each unit offers modern layouts with strong tenant demand, making this an ideal turnkey investment. What truly sets this property apart is its condominium setup. While the building is currently operated as a traditional multifamily rental, it is legally configured as a condo building, offering investors multiple exit strategies: - Continue operating as a stabilized income-producing rental - Sell individual condo units separately over time - Implement a hybrid strategy combining rentals and condo sales All units are occupied with leases in place, providing immediate cash flow from day one. Several units feature desirable amenities such as backyard access, adding to tenant appeal. Located just minutes from Center City, major universities, public transportation, and Brewerytown’s expanding retail and dining scene, this property benefits from strong rental demand and long-term neighborhood growth. This is a rare opportunity to acquire a stabilized asset with built-in flexibility and upside in one of Philadelphia’s hottest submarkets.
#PAPH2573514

PHILADELPHIA

1234 N 30TH STREET

15 Beds

None Baths

5,631 Sq.Ft.

$1,900,000

MLS#: PAPH2573514

109 Carpenter Lane is a turnkey multifamily property located in the coveted West Mount Airy submarket of Philadelphia, Pennsylvania — a Top-10 USA MSA — now available as a turnkey real estate investment opportunity for qualified investors. With eight (8) units rented below market coupled with a private parking area for residents, sited on a generously proportioned, suburban-style ±20K SF parcel, 109 Carpenter Lane presents an immediate cash-flowing asset with nearly a half-acre of land in a transit-oriented, amenity-rich neighborhood in Northwest Philly known for its bucolic feel, local parks, and laid-back lifestyle. The apartments are outfitted with hardwood floors, shaker cabinetry, stainless steel appliances, recessed lighting and high ceilings. A diverse unit mixture in the apartment building includes studio, 1bd and 2bd apartments, ensuring that this apartment remains in high demand within the sought-after rental marketplace. Originally constructed in 1929 and fully renovated in 2015, the multifamily property carries a 10 year tax abatement through 2027. Emanating with original detail and charm, 109 Carpenter Lane boasts stained-glass windows, early-century masonry, expert carpentry/millwork and more — while still offering contemporary kitchens and bathrooms built to today's expectational standards. A combination of central air and mini splits ensure thermal comfort year-round. Minimal OPEX. Rental upside via parking income, storage income, utility rubs — producing a juicy cap rate. Enquire within for financials and floorplans for this NWPHL gem of a property.
#PAPH2552886

PHILADELPHIA

109 CARPENTER LANE 15

11 Beds

None Baths

6,428 Sq.Ft.

$1,999,999

MLS#: PAPH2552886

Very close to the UPenn campus and public transportations. 1) There are legally zoned 6 units total, one 3 bedroom unit on the first floor plus five 2 bedroom units on the 2nd and 4rd floors. 2) The property underwent complete renovation during 2022-2023 seasons. 3) Very safe to walk around as the university security guards also covers this area. 4) In addition to these 6 legal units, the landlord finished part of the attic area and made it a bonus two bedroom unit. the income from this unit will cover almost all expenses for the building.
#PAPH2532926

PHILADELPHIA

230 S 45TH STREET

12 Beds

None Baths

5,138 Sq.Ft.

$1,690,000

MLS#: PAPH2532926

This 23rd Street five-plex commands instant attention with its striking architecture and curb appeal. Designed by Gnome, one of Philly's leading architectural firms, this 5-unit multifamily building provides a 6.65% CAP in one of Philly's most dynamic locations, swelling with residential demand. The ±7600+ SF apartment property features two (2) 1bd x 1ba units, two (2) 3bd x 3ba units and one (1) 2bd x 2ba bi-level penthouse unit with private deck. Each oversized apartment is flooded with natural light and bright and contemporary fit + finish kit. The spacious units provide plenty of room for occupants, powered by high-efficiency building systems. Above-average rent growth coupled with minimal OPEX and a FULL 10yr tax abatement make 1735 S 23rd ST a coveted real estate investment in a Top-10 USA MSA.
#PAPH2546916

PHILADELPHIA

1735 S 23RD STREET

10 Beds

None Baths

7,602 Sq.Ft.

$1,400,000

MLS#: PAPH2546916

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 three-bedroom 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 $14,835 /month in gross income. Offered at a 8.03% cap rate, the building has over 3 years on the remaining tax abatement and $249/SF. This is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.
#PAPH2537876

PHILADELPHIA

327 N 40TH STREET

18 Beds

None Baths

2,950 Sq.Ft.

$1,795,000

MLS#: PAPH2537876

INVESTOR ALERT!! Package deal available to include 10 Northeast row , twins or end of row rental properties. All are currently rented with seasoned tenants. All are single family homes. All have reasonable rent amounts. All are well maintained. Buyer must show buying capability before information is divulged. Will be sold as a complete package. Sellers will not break the portfolio apart at this time. Do not disturb any tenant without having proved ability to purchase. Exterior showings only!!
#PAPH2515580

PHILADELPHIA

2340 MARGARET STREET

28 Beds

None Baths

1,246 Sq.Ft.

$1,400,000

MLS#: PAPH2515580

Amazing investor opportunity to own this large SIX-UNIT DOUBLE LOT, CORNER PROPERTY in booming Jefferson Square just across from Jefferson Square and Sacks Playground! All units COMPLETELY RENOVATED! Unit count consists of four (4) two bedroom, two full bathroom units and two (2) one bedroom, one bath units. All units are bright and spacious with all new stainless steel appliances, mechanical systems, hardwood flooring, and granite countertops. Washer and Dryer in each unit. Plenty of basement space to carve out private storage units for each tenant. Possible value add opportunity to add elevator as elevator shaft is already in place. Financial cash cow for years to come in a developing neighborhood with expected rent increases in the short term. Additional improvements/upgrades include: fire sprinkler/alarm system, freshly painted common area and steps, upgraded intercom system. Walk-score off the charts, minutes to Passyunk Sq, Italian Market, Queen Village, South Street and drive within minutes to all big box shopping on Delaware Ave including Lowes, Home Depot, Target, grocery, gas and more. Highway access within minutes. Opportunities like this in this location do not come up often.
#PAPH2379200

PHILADELPHIA

1201 S 5TH STREET 3

10 Beds

None Baths

6,528 Sq.Ft.

$2,000,000

MLS#: PAPH2379200

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service