$ 3,600,000
-
$3,600,000
Price -
0
Bed - Bath
-
13,822
SqFt
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About the Listing KWRLTYLP1 - 3312618,3197472
Newly constructed multifamily building in University City, just steps from Drexel and UPenn. This fully leased property offers 11 apartments with 33 bedrooms and 33 bathrooms over 1,500 SF of retail space. Each unit features private bathrooms, large living areas, and modern finishes. 10-year tax abatement. With an annual gross income of $304K, operating expense of $44K, and net income (NOI) of $260K, this property offers a strong 7.2% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand location — UCITY — the fastest-growing rental submarket in Philadelphia, a Top-10 USA MSA (population) and Top-5 USA MSA for Life Sciences. The Eds & Meds economy powers this district and provides the community with insatiable, perennial rental demand, insulating investment properties for years to come.
Listing Highlights for 619 N 35th St
Status
Active
Days on Site
348
Property Type
Commercial Sale
MLS ®
PAPH2400488
Year Built
1920
Total Square Footage
13,822
Lot/Acreage
0.14
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 60.00 x 100.00
- Zoning: CMX2
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $8,398
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
619 N 35th St Philadelphia, PA 19104
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