$3,750,000
( $271.31Per Sq Foot )
$20,131 est/mo Sourced by Back At You619 N 35th St,PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
Description
We proudly present a Newly constructed multifamily building in University City, just steps from Drexel and UPenn. This fully leased property offers 11 residential units with 33 bedrooms and 33 bathrooms, plus 1,500 SF of retail space. Every unit features private bathrooms, large living areas, and modern finishes. Includes a 10-year tax abatement. With an annual gross income of $302,448, operating expenses of $52,972, and a net income of $249,475, this property offers a strong 6.653% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand rental market.
Details
| MLS# | PAPH2400488 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 212 |
| Listing Provided By | Keller Williams Liberty Place | Or Aharon |
Features
| Story(s) | 3 |
|---|---|
| Units | 12 |
| Zoning | CMX2 |
| Acreage | 0.14 |
| Water Front | Yes |
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 | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19104) | |
Price: $3,750,000 low | high Med: $2,900 On site: 212 low | high Med: 17.000000 | |
Listing Updated: April 8, 2025 at 2:52:08 PM PDT