327 N 40th St

-SCOPE Commercial Real Estate Services, LLC "SCOPE" is pleased to present the opportunity to acquire 327 N 40th Street, a 6-unit multifamily asset in Philadelphia. 327 N 40th Street was built in 2015 and comprises one two-bed, one-bath unit, one three-bed, two-bath unit, one three-bed, two-and-a-half-bath unit, two four-bed, three-bath units, and one four-bed, three-and-a-half-bath unit. All units are fully occupied achieving an average rent of $2,361. The property has four years remaining on a 10-year tax abatement that ends in 2029. There is attractive agency financing assumable to buyers at a 4.72 percent rate with three years remaining. The cash-on-cash return with the assumable financing boosts from 4.89 percent to 7.86 percent. If rents are raised to meet the market, new ownership can capitalize on an approx. seven percent upside in rents increasing the cap rate to over 7.5 percent. Units feature in-unit washers & dryers, a full stainless steel appliance package including dishwashers, luxury vinyl flooring, granite countertops, and self-controlled central AC. The bathrooms have tile flooring and full-sized tubs. Community amenities include a shared rooftop, back courtyard, and secure entry. Located in the heart of University City, 327 N 40th Street offers the perfect blend of convenience and neighborhood charm. Just a five-minute walk from the 40th Street SEPTA Station, residents enjoy quick access to public transportation, Penn Medicine, the University of Pennsylvania, and Drexel University. The area is known for its vibrant mix of restaurants, cafés, and shops, as well as cultural hubs like the Tiberino Museum and the Philadelphia Dance Company. Lancaster Avenue, a lively corridor nearby, is home to art spaces, galleries, and local coffee shops, making it a favorite for students, professionals, and creatives alike. For outdoor recreation, Drexel Park provides green space and skyline views, while farmers markets and community events add to the neighborhood’s energy. With tree-lined streets, a mix of historic and modern housing, and easy access to Center City, this walkable and well-connected area offers an ideal urban lifestyle.