516 N 40TH ST Philadelphia, PA 19104

Excellent opportunity to purchase a two-unit apartment building on 40th Street in hot West Powelton Village. Easy access to universities and local shopping districts. Building was fully renovated about 10 years ago and features two large bi-level, fully leased apartments. Unit 1 is a beautiful 2 bedroom, 2 bathroom bi-level apartment featuring hardwood floors throughout. This unit has central a/c and access to a back yard. The spacious kitchen features a microwave, dishwasher and garbage disposal. There is laundry in the basement. Unit 1 is rented at $1325 per month through 8/31/2022. Unit 2 is a nice 3 bedroom, 2 bathroom bi-level apartment also featuring hardwood floors throughout. This unit has central a/c, washer/dryer and plenty of closet space. The spacious kitchen features a microwave, dishwasher and garbage disposal. Unit 2 is rented at $1500 per month through 8/31/2022. Rent roll as of 9/1 is $2825 per month, $33,900 per year. All utilities are separated.