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890 N 42nd St
Philadelphia, PA 19104 Belmont

$2,999,000 USD

Multifamily For Sale • 13,120 SF

Property Details

Property Type Multifamily
Total Building Size 13,120 SF
Year Built 2023

80 Transit Score

100 Walk Score

                
                    Highlights
                
                                9 spacious residential units, each featuring a desirable 3-bedroom, 2-bathroom layout
                            
                                2023 Newer Construction with Low Real Estate Taxes of $2,600/Year with 7 years left in Tax abatement
                            
                                100% leased, Stabilized, Low maintenance and Turnkey with $18,701 in current monthly gross rental income
                            
                                Predominantly Section 8 / voucher-supported rent roll, providing a significant component of reliable, housing-assistance-backed rental income
                            
                                Conveniently located near University City, major universities and employment centers, Fairmount Park, Belmont Plateau, the Philadelphia Museum of Art

Amenities

Courtyard
Laundry Facilities
Security System
Tenant Controlled HVAC
Laundry Service
Trash Pickup - Curbside
Roof Terrace
Storage Space
Bicycle Storage
Multi Use Room
Public Transportation
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Penn Medicine Station (Airport Line - SEPTA, Lansdale/Doylestown Line - SEPTA, Media/Wawa Line - SEPTA, Wilmington/Newark Line - SEPTA)	6 min	-	2.1 mi
Wynnefield Avenue (Cynwyd Line - SEPTA)	5 min	-	2.2 mi
Transit/Subway	Drive	Walk	Distance
Lancaster Avenue And 44Th Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	0 min	4 min	0.2 mi
Lancaster Avenue And Parrish Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	0 min	4 min	0.2 mi
Lancaster Avenue And 45Th Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	0 min	4 min	0.2 mi
Girard Av & 42Nd St (63rd-Girard to Richmond-Westmorelnd - SEPTA)	1 min	5 min	0.3 mi
Lancaster Avenue And 42Nd Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	0 min	5 min	0.3 mi
Airport	Drive	Walk	Distance
Philadelphia International	22 min	-	10.3 mi
Wilmington Airport	55 min	-	35.6 mi

Reda Akbil 267-205-1369 Compass Commercial

890 N 42nd St Philadelphia, PA 19104 Belmont

$2,999,000 USD

Property Details

Highlights

Amenities

Public Transportation

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890 N 42nd St
Philadelphia, PA 19104 Belmont