BEDS0
BATHS
SQUARE FEET3,066
MLS#PAPH2679454
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPHILADELPHIA (WEST)
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Contemporary
Lot Size: 0.04 Acres
Roof Type: Flat, Rubber
Taxes: $2,800
Year Built: 2021
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 3
Electric: 100 Amp Service
Exterior: Concrete, Brick, Vinyl Siding
Flooring: Hardwood, Ceramic Tile
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Number of Rooms: 14
Sewer: Public Sewer
Structure Type: Detached
Studio Efficiency Units: 4
Total Garage/Parking Spaces: 0
Units: 2
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Keller Williams Main Line
Agency Phone: 6105200100
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,687.64 per month $2,169.93 Principal & Interest $233.33 Property Tax $284.38 Homeowner's InsuranceChange Payment Information
616 N 42nd Street | MLS# PAPH2679454
This multi-family property located at 616 N 42nd Street, Philadelphia, PA 19104 is currently listed for sale with an asking price of $975,000. N 42nd Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymark.net today.