$ 1,225,000
-
$1,225,000
Price -
0
Bed -
0
Bath -
5,000
SqFt
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About the Listing KWRLTYLP1 - 3342929,3197472
929 N 40th Street presents a strong mixed-use investment opportunity with immediate cash flow, diversified income, and built-in rent growth. This property features six income-producing spaces, including one commercial unit and five residential units. The property currently generates $8,992 in monthly gross income, totaling $107,904 in annual gross income. Based on the provided expenses, the property produces an estimated annual NOI of approximately $101,808–$101,908, in-place cap rate of 8%. The commercial space is leased at $2,250 per month on a 5-year lease with 3% annual increases, providing investors with stable income and built-in rent growth. Residential rents include Unit A at $1,150/month, Unit B at $1,692/month, Unit C at $1,300/month, Unit D at $1,300/month, and Unit E at $1,300/month. Property Highlights: • Mixed-use investment with commercial and residential income • Six income-producing spaces • Current monthly gross income: $8,992 • Annual gross income: $107,904 • Estimated NOI: approximately $101,808–$101,908 • 5-year commercial lease with 3% annual increases • Tax abatement in place • Potential 1031 tax-deferred exchange opportunity 929 N 40th Street is positioned as an attractive opportunity for investors seeking cash flow, stability, and long-term upside in Philadelphia. The combination of residential income and a long-term commercial lease creates multiple revenue streams and added income security. This property may also be a strong option for investors looking to complete a 1031.
Listing Highlights
Status
Active
Days on Site
146
Property Type
Commercial Sale
MLS ®
PAPH2593190
Year Built
2025
Total Square Footage
5,000
Lot/Acreage
0.06
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 1
- Lot Dimensions: 16.00 x 95.00
- Zoning: CMX1
- Roof:
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street,1+ Spaces
Financial Details
- Tax Amount: $100
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Questions About..
929 N 40th St Philadelphia, PA 19104
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