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$2,895,000
48 Days On Site

4700 CHESTNUT STREET
PHILADELPHIA, PA 19139

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
2023
Built
Subdivision:
WALNUT HILL
County:
PHILADELPHIA
Listing courtesy of RE/MAX Elite

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4700 CHESTNUT STREET4700 CHESTNUT STREET4700 CHESTNUT STREET4700 CHESTNUT STREET
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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.

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Listing Snapshot
Price 
$2,895,000
Days On Site 
48 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.05 Acres
Year Built 
2023
MLS® Number 
PAPH2454858
Status 
Active
Property Tax 
$33,049
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 weeks agoPrice changed to $2,895,000
2 weeks agoListing updated with changes from the MLS®
2 months agoStatus changed to Active
2 months agoListing first seen on site
General Features
Acres 
0.05
Parking 
On Street
Property Condition 
New Construction
Sewer 
Septic TankPublic Sewer
Special Circumstances 
Standard
Water Source 
Public
Zoning 
RM1
Interior Features
Appliances 
Electric Water Heater
Cooling 
Central AirElectric
Heating 
ElectricForced Air
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Community Features
MLS Area 
19139 (19139)
School District 
THE SCHOOL DISTRICT OF PHILADELPHIA
Schools
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of RE/MAX Elite



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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