327 N 40TH STREETPHILADELPHIA, PA19104
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$8,440327 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.
| 3 months ago | Listing updated with changes from the MLS® | |
| 3 months ago | Listing first seen on site |
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