2,288 Sqft Lot
2,288 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Mantua
MLS Listing ID PAPH2681314
Year Built 2023
Annual Tax Amount $8,453
Tax Year 2026
Lot Size 2,288 Sqft
Acres 0.05
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Hardwood, Ceramic Tile
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat,Rubber
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881000946
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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