Investments Sales Management

Unit/Flat, Split Level

619 N 35TH STREET

PHILADELPHIA , PA 19104

MLS#: PAPH2423062

$3,600,000

Status: Active
Listing number: PAPH2423062
Listing provided by: Keller Williams Liberty Place
Listing agent phone: None
Last update: a month ago
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Property

Beds

30

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

13,822

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.

Features & Amenities

Interior

  • Total Bedrooms

    30

  • Bathrooms

    N/A

  • Above Grade Finished Area

    13822.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Electric, Central

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.14

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Unit/Flat, Split Level

Price

  • Sales Price

    $3,600,000

  • Tax Amount

    8398.0

  • Sq. Footage

    13, 822

  • Price/SqFt

    $260

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Foundation Details

    Concrete Perimeter, Other

  • Sewer

    Public Sewer

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PHILADELPHIA

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Listing Courtesy of Or Aharon , Keller Williams Liberty Place

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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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.

619 N 35TH STREET

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