3,708 SqFt
3,708 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,708 sqft
Price per Sqft $431
MLS Listing ID PAPH2648870
Style Traditional
Abv Grd Liv Area 3,708
Year Built 2022
Annual Tax Amount $2,239
Tax Year 2025
Lot Size 1,647 Sqft
Acres 0.04
Lot Dimensions 18.00 x 92.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The property consists of four thoughtfully designed residences, all consisting of spacious 3-bedroom, 2-bathroom units. Fully leased and currently generating $11,132 per month in rental income, the property provides investors with stable, in-place income from day one while offering exceptional long-term appreciation potential in one of Philadelphia's strongest rental markets.
Every detail throughout Lotus was intentionally curated to create a sophisticated yet inviting atmosphere. Rather than following the standard luxury apartment formula, the building embraces timeless design principles that appeal to discerning residents seeking something truly unique. Gourmet kitchens feature quartz countertops, sleek contemporary cabinetry, stainless steel appliances, and generous prep space, while spa-inspired bathrooms showcase refined finishes that elevate the everyday living experience. Each residence is further enhanced by central HVAC, in-unit washer and dryer, dishwasher, smart entry systems, intercom access, customizable dimmable lighting, and premium designer finishes, delivering both comfort and convenience while supporting premium rents and attracting high-quality long-term tenants.
University City continues to be one of Philadelphia's most resilient and sought-after rental markets, fueled by consistent demand from graduate students, physicians, researchers, professors, healthcare professionals, and young professionals. Lotus is ideally positioned just moments from The University of Pennsylvania, Drexel University, Children's Hospital of Philadelphia (CHOP), the Hospital of the University of Pennsylvania (HUP), and Penn Presbyterian Medical Center, placing residents at the center of one of the nation's leading educational and medical districts. The property also offers convenient access to Lancaster Avenue's restaurants, neighborhood cafés, local shopping, Clark Park, public transportation, and Center City Philadelphia, making it an ideal location for both work and everyday living.
Whether you're expanding a real estate portfolio, completing a 1031 exchange, or seeking a high-performing multifamily asset in one of Philadelphia's premier investment corridors, 4037 Powelton Avenue presents a rare opportunity to acquire a stabilized, income-producing property with modern construction, approximately seven years of remaining tax abatement, exceptional design, immediate stabilized cash flow, and exceptional long-term investment fundamentals in the heart of University City.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Interior Features Bathroom - Walk-In Shower, Recessed Lighting, Upgraded Countertops, Sprinkler System, Kitchen - Efficiency, Intercom, Efficiency, Combination Kitchen/Living
Hot Water Electric
Cooling Central A/C
Equipment Dishwasher, Dryer, Dryer - Electric, Dryer - Front Loading, Water Heater, Washer/Dryer Stacked, Washer/Dryer Hookups Only, Washer - Front Loading, Washer, Stove, Stainless Steel Appliances, Refrigerator, Oven/Range - Electric, Oven - Self Cleaning, Microwave, Intercom, ENERGY STAR Refrigerator, ENERGY STAR Dishwasher, Energy Efficient Appliances, Dual Flush Toilets
Fireplace N
Window Features ENERGY STAR Qualified
Appliance Dishwasher, Dryer, Dryer - Electric, Dryer - Front Loading, Water Heater, Washer/Dryer Stacked, Washer/Dryer Hookups Only, Washer - Front Loading, Washer, Stove, Stainless Steel Appliances, Refrigerator, Oven/Range - Electric, Oven - Self Cleaning, Microwave, Intercom, ENERGY STAR Refrigerator, ENERGY STAR Dishwasher, Energy Efficient Appliances, Dual Flush Toilets
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es), Deck(s), Balcony, Terrace
Water Access N
Roof Type Flat
Accessibility 36\"+ wide Halls
Porch Porch(es), Deck(s), Balcony, Terrace
Garage N
Private Pool No
Building
Foundation Slab
Above Ground Finished SqFt 3708
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,9'+ Ceilings
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 061019400
Ownership Fee Simple
SqFt Source 3708
Security Features Intercom,Exterior Cameras,Carbon Monoxide Detector(s),Sprinkler System - Indoor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://youtu.be/dIGn1kxx8NE
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