$ 775,000
-
$775,000
Price -
0
Bed -
0
Bath -
3,558
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing MALLPAN - 3301126
Rare opportunity to acquire an established portfolio of 18 units across four buildings in prime Powelton Village and Spruce Hill locations, walkable to both Drexel University and University of Pennsylvania. Stabilized, income-producing investment with value-add potential via light upgrades - proforma 7.8% cap rate. Portfolio price is $2,500,000 for all four buildings, or purchase separately. 3726 Baring Street is a 6 unit building (5 x 1 bed units, 1 x studio unit), offered at $775,000. Gross income $79k. Benefit from a strong tenant base derived from University of Pennsylvania's full-time student population of 23,948 (up 1.65% YOY), as well as 39,000+ individuals employed by University of Pennsylvania, and an overall population of more than 100,000 residents between the 19104 and 19139 zip codes. As the pipeline of multifamily deliveries in Philadelphia continues to dwindle, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside. Offering memorandum available upon request.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Commercial Sale
MLS ®
PAPH2637578
Year Built
1890
Total Square Footage
3,558
Lot/Acreage
0.07
County
Philadelphia
Neighborhood
Powelton Village
Area
19104 (19104)
School District
Philadelphia City
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Hot Water,Radiator
- 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: 25.00 x 115.00
- Zoning: Multifamily 6 units
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $9,196
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
3726 Baring St Philadelphia, PA 19104
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
