321 40Th StPhiladelphia, PA 19104

Exceptional investment opportunity: a five-unit, fully occupied student housing building at 321 N 40th St, Philadelphia, PA 19104. This 2016-built property boasts 5,792 square feet on a 2,085 square foot lot, offering a compelling 7.00% capitalization rate and a strong net operating income (NOI) of $109,973. The building features a mix of unit sizes: two 5-bedroom/2-bathroom units, one 4-bedroom/2-bathroom unit, and two 2-bedroom/1-bathroom units. Each unit includes separate utilities and HVAC, hardwood floors, granite and stainless steel kitchens with Shaker cabinetry, dishwashers, and built-in microwaves, and tile bathrooms. Four units are partially furnished, and each unit has its own washer/dryer. A spacious unfinished basement provides ample storage. The property benefits from a tax abatement extending through 2026. Located in the desirable West Powelton neighborhood, this property enjoys excellent proximity to Drexel University, the University of Pennsylvania, University City Science Center, Penn-Presby Hospital, and the West Philly tech corridor. Numerous restaurants, coffee shops, and convenient SEPTA public transportation options are within easy reach. Center City is less than a 10-minute commute by car or bike. The property is zoned RM-1 and has an asking price of $1,575,000. This represents a price per square foot of $271.93. The building consists of four stories and is currently operating at 100% occupancy, generating an annual gross rental income of $128,500. This is a turnkey investment ready for immediate cash flow.