4046 Chestnut St Philadelphia, PA 19104
25-unit, 70-bed multifamily property with consistent cash flow.
Property size:
34,924 SFLot size:
6,488.00 AcresProperty Features for 4046 Chestnut St
General Information
- Standard status
- Active
- Zoning
- CMX-4
- Size
- 34,924 SF
- Lot size
- 6,488.00 Acres
Building Details
- Year built
- 2017
Source:
Crexi
Listing Agency: GREA Listing Agent: Ken Wellar
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
25-Unit Multifamily Investment Opportunity
This 25-unit, 70-bed multifamily property provides consistent cash flow with zero historical vacancy, making it a prime 1031-exchange candidate. A value-add opportunity exists in the Year 2 $360k rent push, leveraging its position in a high-barrier-to-entry submarket. The building, located at 40th & Chestnut, features modern interiors and rare underground parking. The location is considered "Main & Main" for University City retail and dining, ensuring it remains a top choice for students seeking an urban lifestyle. University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality. University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences. With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs. The property size is 34924 square feet.
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.204065
- Latitude
- 39.955567
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 25-unit, 70-bed multifamily property with consistent cash flow.
Where is this apartment building located?
The property is located at 4046 Chestnut St Philadelphia, PA.
What are key features of this property?
This property features: - Consistent cash flow with zero historical vacancy.; - Prime "Main & Main" location in University City for retail and dining.; - Value-add opportunity with a Year 2 $360k rent increase.
