4700 CHESTNUT ST Philadelphia, PA 19139
UPDATED:
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
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
Source BRIGHT
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
1425 Clarkview Rd, Baltimore, MD, 21209, USA
Hope Greenlee is a seasoned Realtor with 17 years of experience in the real estate industry. She hails from Baltimore County, is a proud graduate of Parkville High School, and pursued a business degree in Pittsburgh, Pennsylvania. With a background as a Multi-Site Property Manager spanning over two decades across Maryland, Hope has honed her skills and expertise in various facets of real estate. She is a devoted mother to five children and a passionate, market-savvy professional who prioritises her clients' satisfaction and best interests above all else. Hope's approach is characterised by professionalism, patience, and unwavering loyalty, ensuring a seamless and satisfying real estate experience. She is now part of The Breeden Group of Berkshire Hathaway Homesale Realty.
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