616 N 42ND Street
Property Description
Fantastic opportunity to acquire a newer-construction, tax-abated quadruplex at 616 N 42nd Street. This modern multifamily investment features four residential units consisting of two 1-bedroom apartments and two 2-bedroom apartments, offering an attractive unit mix and multiple streams of rental income. The combination of newer construction and an existing tax abatement makes this an especially appealing opportunity for investors. Modern construction and systems can help minimize near-term capital expenditures and maintenance, while the tax abatement helps reduce operating expenses and strengthen the property's income potential. The mix of one- and two-bedroom apartments provides broad rental appeal, while the property's location offers convenient access to public transportation, neighborhood amenities, universities, and major routes throughout Philadelphia. Whether you're expanding an existing portfolio or looking for a newer multifamily asset with favorable tax benefits, 616 N 42nd Street offers an excellent opportunity for long-term investment and income growth.
Broker Details
Keller Williams Main Line (610) 520-0100
MLS ID: 3148719 State License Number: AB067937
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $975,000 |
| No. of Units: | 2 |
| Year Built: | 2021 |
| Lot Size: | 3,066.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $487,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2679454
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