833 N 40th St, Philadelphia, PA 19104

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List Price
$1,075,000
Days on Market
3
Status
ACTIVE
MLS#
PAPH2681314
Lot Size (Acres)
0.05
Year Built
2023
County
Philadelphia
School District
The School District Of Philadelphia

Property Description

Prime Investment Opportunity – Fully Occupied New Construction 5-Unit Multifamily in Mantua! Welcome to 833 N 40th Street, an exceptional investment opportunity in Philadelphia's rapidly evolving Mantua neighborhood! This newly constructed, fully occupied five-unit multifamily property offers immediate rental income, modern construction, and the added financial advantage of a tax abatement. Featuring five residential units, all currently occupied, this income-producing property is an excellent addition to any investment portfolio. Enjoy the benefits of newer construction, reduced potential for near-term maintenance expenses, and an existing tenant base providing income from day one. The tax abatement adds further appeal, offering the potential for reduced property tax expenses and enhanced cash flow. Located in the heart of Mantua, an area experiencing ongoing revitalization and new development, this property is conveniently situated near University City, Drexel University, the University of Pennsylvania, public transportation, and major commuter routes. Its location offers access to some of Philadelphia's most prominent educational and employment centers. Whether you're a seasoned investor expanding your portfolio or looking to acquire a newer income-producing asset, 833 N 40th Street presents an outstanding opportunity for immediate cash flow and long-term investment potential. Fully occupied, five units, new construction, tax abatement, and a prime location in Mantua! Don't miss this opportunity to add a valuable multifamily asset to your portfolio. Schedule your private showing today!

Additional Information

Area
19104 (19104)
Subdivision
Mantua
School District
The School District Of Philadelphia
Flooring
Hardwood, Tile
Heating
Forced Air
Cooling
Central Air
Roof
Flat, Rubber
Water
Public
Sewer
Public Sewer

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Listing courtesy of Keller Williams Main Line. Contact: