4037 Powelton Ave,PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
Description
Welcome to Lotus at 4037 Powelton Avenue, an architecturally distinctive four-unit multifamily investment opportunity in the heart of University City. Inspired by Japandi design, a harmonious blend of Japanese warmth through organic materials and natural textures with the clean lines and minimalist functionality of Scandinavian living, Lotus offers a living experience unlike anything else in the neighborhood. Built in 2022 and benefiting from approximately seven years remaining on Philadelphia's FULL tax abatement, this turnkey asset combines exceptional design, low-maintenance ownership, and immediate cash flow, making it a stable and turnkey standout investment opportunity in one of Philadelphia's most desirable rental markets. 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.
Details
| MLS # | PAPH2648870 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active-bright |
| Year | 2022 |
| Days On Site | 42 |
| Listing Provided By | Compass Pennsylvania, LLC | Reda B Akbil |
Features
| SQ Feet | 3,708 |
|---|---|
| Story(s) | 3 |
| Units | 1 |
| Zoning | RM1 |
| Acreage | 0.04 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
| Interior Features | Bathroom - Walk-In Shower, Recessed Lighting, Upgraded Countertops, Sprinkler System, Kitchen - Efficiency, Intercom, Efficiency, Combination Kitchen/Living |
| Window Features | ENERGY STAR Qualified |
| Appliances | 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 |
Exterior
| Exterior Features | Flood Lights, Exterior Lighting |
|---|---|
| Roof | Flat |
| Security Features | Intercom, Exterior Cameras, Carbon Monoxide Detectors, Sprinkler System - Indoor |
| Construction Materials | Masonry |
| Foundation Details | Slab |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 2239 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19104) | |
Price: $1,549,000 low | high Med: $4,200 sqft: 3,708 low | high Med: 2,625 $ / sqft: $418 low | high Med: $2 On site: 42 low | high Med: 116 | |
Market Activity 19104
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19104) | |
Price: $1,549,000 low | high Med: $4,200 sqft: 3,708 low | high Med: 2,625 $ / sqft: $418 low | high Med: $2 On site: 42 low | high Med: 116 | |