PA > Philadelphia > Walnut Hill
Philadelphia, PA 19139,4700 CHESTNUT ST
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Philadelphia, PA 19139,4700 CHESTNUT ST
Philadelphia, PA 19139,4700 CHESTNUT ST
Philadelphia, PA 19139,4700 CHESTNUT ST
Philadelphia, PA 19139,4700 CHESTNUT ST
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Tamika R. Johnson

Tamika R. Johnson

+1(240) 602-4348
Listed by Joseph B Bograd • RE/MAX Elite
$ 2,895,000
Est. payment /mo
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Price Dropped by $305K

4700 CHESTNUT ST Philadelphia, PA 19139

2,054 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Walnut Hill

MLS Listing ID PAPH2454858

Year Built 2023

Annual Tax Amount $33,049

Tax Year 2025

Lot Size 2,054 Sqft

Acres 0.05

Lot Dimensions 19.00 x 107.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Inclusions appliances

Heat Source Electric

Exterior

Water Access N

Street Surface Black Top,Approved

Accessibility Other

Garage N

Building

Sewer Public Sewer, Public Septic

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 881145031

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
agent

Tamika R. Johnson

Broker Associate | License ID: 607079

+1(240) 602-4348

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4700 CHESTNUT ST

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