332 N 41ST ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,763 sqft
Price per Sqft $251
Subdivision West Powelton
MLS Listing ID PAPH2411522
Style Other
Year Built 2013
Annual Tax Amount $9,573
Tax Year 2024
Lot Size 1,494 Sqft
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
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Flooring Wood,Tile/Brick
Inclusions Attached appliances, washers, dryers, refrigerators
Exterior
Waterfront N
Water Access N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Special Listing Condition Standard