3,066 SqFt
3,066 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,066 sqft
Price per Sqft $318
Subdivision Philadelphia (West)
MLS Listing ID PAPH2679454
Style Contemporary
Abv Grd Liv Area 3,066
Year Built 2021
Annual Tax Amount $2,800
Tax Year 2026
Lot Size 1,728 Sqft
Acres 0.04
Property Sub-Type Detached
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Hardwood, Ceramic Tile
Fireplace N
Heat Source Natural Gas
Exterior
Exterior Feature Balcony, Patio(s)
Water Access N
Roof Type Flat,Rubber
Accessibility None
Porch Balcony, Patio(s)
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 3066
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 061255200
Ownership Fee Simple
SqFt Source 3066
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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