PA > Philadelphia > West Powelton
Philadelphia, PA 19104,332 N 41ST ST
Philadelphia, PA 19104,332 N 41ST ST
Philadelphia, PA 19104,332 N 41ST ST
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Adam Ferst

Adam Ferst

+1(202) 421-5500
$695,000
Est. payment /mo
2,763 SqFt
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UPDATED:

11/14/2024 04:56 PM

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,763 sqft

Price per Sqft $251

Subdivision West Powelton

MLS Listing ID PAPH2411522

Style Other

Abv Grd Liv Area 2,763

Originating Board BRIGHT

Year Built 2013

Annual Tax Amount $9,573

Tax Year 2024

Lot Size 1,494 Sqft

Acres 0.03

Lot Dimensions 20.00 x 75.00

Property Description

Exceptional investment opportunity in the booming West Powelton neighborhood of University City, located in a Qualified Opportunity Zone (QOZ). This property is just minutes from Drexel University, the University of Pennsylvania, and the University of the Sciences, offering prime access to one of Philadelphia’s most vibrant areas. Nestled on a quiet street, yet steps from public transit and University City amenities, this property boasts outstanding walk, transit, and bike scores (Walk Score: 85, Transit Score: 89, Bike Score: 99).
This 11-year-old, well-maintained, ground-up construction triplex features hardwood floors, in-unit laundry, stainless steel appliances, and large windows for natural light. Each unit has separate utilities (tenants pay except for water). The kitchens are equipped with shaker-style cabinets, granite countertops, dishwashers, garbage disposals, microwaves, and refrigerators.
The building consists of: Unit 1: 5-bedroom, 2-bath bilevel with a private yard, Unit 2: 2-bedroom, 1-bath with a private rear deck, Unit 3: 2-bedroom, 1-bath with a private roof deck
This fully occupied property has a solid rental history since its inception, providing immediate income for the buyer. With rents currently below market value, there is significant potential for rent increases and added value. The property is also positioned near several major development projects, including 3.0 University Place, Schuylkill Yards, uCity Square, and the Science Center, making it a strategic long-term investment.
This turnkey asset is ideal for both investors and owner-occupants. The property falls under the FHA limit for four-unit buildings and qualifies for Fannie Mae/Freddie Mac’s new 5% down owner-occupied multifamily program. With strong appreciation and rental growth prospects, this is a rare opportunity in a high-demand area.
Licensed PA salesperson with ownership interest.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Rooms

Basement Full

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Flooring Wood, Tile/Brick

Inclusions Attached appliances, washers, dryers, refrigerators

Fireplace N

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 061221800

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Marino Polidori • HomeSmart Realty Advisors

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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