4700 CHESTNUT ST Philadelphia, PA 19139
2,054 Sqft Lot
UPDATED:
03/10/2025 01:47 AM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Walnut Hill
MLS Listing ID PAPH2454858
Originating Board BRIGHT
Year Built 2023
Annual Tax Amount $33,049
Tax Year 2025
Lot Size 2,054 Sqft
Acres 0.05
Lot Dimensions 19.00 x 107.00
Property Sub-Type Five Or More Units
Property Description
The building features a thoughtful layout spread across three floors and a basement. The first floor includes one one-bedroom apartment and two studio apartments, while the second floor offers two two-bedroom units and one one-bedroom unit. The third floor consists of six bi-level, one-bedroom, one-and-a-half-bathroom units, and the basement level features three studio apartments. All units are equipped with modern kitchens and bathrooms, and the building has been constructed to the highest standards, including new appliances throughout. A convenient elevator serves the first two levels, making it easy for residents to access their apartments. The building also includes a coin-operated washer and dryer in the common area, adding additional convenience for tenants.
Located in the thriving University City area, this property is just minutes away from the University of Pennsylvania and Drexel University, making it a highly desirable location for students and professionals. With its prime location and fully occupied status, the building offers strong rental demand and consistent income potential. To sweeten the deal, the property comes with a 10-year tax abatement, making it an even more attractive investment.
This is a rare opportunity to acquire a high-quality, fully leased building in a growing and vibrant neighborhood—an ideal addition to any investor's portfolio.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Inclusions appliances
Heat Source Electric
Exterior
Water Access N
Street Surface Black Top,Approved
Accessibility Other
Garage N
Building
Sewer Public Sewer, Public Septic
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 881145031
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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