Active

4700 Chestnut St

Philadelphia PA, 19139

$3,400,000


Active

Commercial

Built in 2023

This brand-new, fully occupied 15-unit apartment building in the highly desirable West Philadelphia area offers an incredible investment opportunity for anyone looking to expand their real estate portfolio. With a mix of modern, well-designed units and a strong, steady rental income, this property promises excellent long-term returns.

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.

PAPH2454858

MLS ID

March 9, 2025

Listed

March 10, 2025

Updated

Interior Features

Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Electric

Exterior/Building Features

Lot Size

0.05 Acres


Sewer

Public Sewer

Other Property Details

Area Name

PHILADELPHIA


Taxes

$33,049


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

On Street


View

No


County

PHILADELPHIA


Water Source

Public

Listed by RE/MAX Elite
Listing Contact: 2672469729 

The IDX display contains information sourced from the Bright MLS, Inc. as of 3/10/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 3/10/2025 at 2:16 AM UTC

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