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
Permit-ready duplex development opportunity in the rapidly developing Grays Ferry neighborhood. This RM-1 zoned lot has been designed for an approximately 2,400-square-foot new-construction duplex featuring two spacious bi-level residences with contemporary floor plans suitable for condominium resale or rental investment. The sale includes architectural and structural plans, a geotechnical investigation, engineered foundation design, utility plans and applicable project approvals. The remaining permit is currently pending, and the seller intends to deliver the property with the permit issued prior to settlement, allowing the next owner to avoid much of the time, expense and uncertainty asso
Rm-1 zoned lot • Project approvals • Utility plans
(844) 837-5274
ABOUT THIS HOME
19194, PA Homes for Sale
Opportunity to purchase a 16' x 38' (approximately 608 sq. ft. ) vacant lot in the sought-after Point Breeze neighborhood. New construction can be found on this and surrounding blocks. Conveniently located near neighborhood amenities, shopping, dining, public transportation, and Center City. Buyer is responsible for verifying zoning, permitted use, lot dimensions, and development potential with the City of Philadelphia.