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619 N 35th St
For Sale $4,000,000
$4,000,000
- 12 Units
- Unknown Sq Ft
- 6,000 Sq Ft
- Unknown Cap Rate
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 6.24% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand rental market.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,000,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 871600765 |
| MLS # | PAPH2400488 |
| Property ID | 320061137 |
| Lot Sqft | 6,000 |
| Zoning | CMX2 |
| Total Units | 12 |
| Days on Market | 55 |
| Original List Price | Unknown |
| Date Updated | October 03, 2024 |
| Date Created | September 29, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Or Aharon an agent of Keller Williams Liberty Place. Lic #RS354310
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Data last updated: November 23, 2024.
Robert Crawford
REAL ESTATE AGENT