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3716 HAVERFORD AVENUE

PHILADELPHIA , PA 19104

MLS#: PAPH2489268

$1,750,000

Status: Active

Listing number: PAPH2489268

Listing provided by: Compass Pennsylvania, LLC

Listing agent phone: None

Last update: a month ago

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Property

Beds

Full Baths

None

1/2 Baths

None

Year Built

2018

Sq.Footage

6,930

We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City/Drexel and Mantua section of Philadelphia. This purpose-built student housing building comprises 6 units with a total of 20 bedrooms and bathrooms, offering a diverse mix of 3 and 4-bedroom units. Currently generating about $15,000 in monthly rental income with low expenses and maintenance, this investment boasts a 7.9% cap rate. This property has always been 100% leased and has already been leased for the next academic year 2025-2026. This property primarily attract students from Drexel University and the University of Pennsylvania, as well as medical staff and young professionals. Constructed just 5 years ago, the building has been implacably maintained , up-to-date, with 5 years remaining on their property TAX ABATEMENT. The generously sized units feature high-end finishes, including a 1 BED TO 1 BATH RATIO and premium kitchen and bathroom fixtures. These attributes make the properties highly competitive compared to nearby student housing options, ensuring they remain easy to rent for years to come. Additional amenities include in-unit laundry, video surveillance entrances, sprinklered fire systems, high ceilings, large closets, luxury vinyl flooring, quartz countertops with stainless steel appliances, rooftop decks with skyline views, outdoor backyards, and more. This University City Student Housing investment represents a tremendous opportunity to acquire strong-performing, never-vacant, and low-maintenance asset in a well-known, walkable, and bike-friendly neighborhood experiencing significant growth and expansion with major projects underway featuring over 33 million square feet of lab, residential, institutional, office, and public space in the pipeline at major developments like uCity Square and Schuylkill Yards, plus individual projects throughout the district.(ask me for more details on this). Conveniently located within walking distance to world-class universities, medical facilities, 30th Street Station, and the Art Museum, these properties also offer easy access to local highways.

Features & Amenities

Interior

Total Bedrooms

6
Bathrooms

N/A
Above Grade Finished Area

6930.0
Cooling YN

YES
Cooling

Central Air, Gas
Fireplace YN

NO
Heating YN

YES
Heating

Natural Gas, Central, Forced Air

Exterior

Garage

No
Parking

None
Pool

Yes
Pool Features

None
Waterfront YN

NO

Area & Lot

Lot Size(acres)

0.06
Property Type

Residential Income
Property Sub Type

Multi Family
Architectural Style

Other

Price

Sales Price

$1,750,000
Tax Amount

1937.0
Sq. Footage

6, 930
Price/SqFt

$252

HOA

Association

No

School District

Elementary School

N/A
Middle School

N/A
High School

N/A

Property Features

Sewer

Public Sewer

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PHILADELPHIA

Elementary School

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Listing Courtesy of Reda B Akbil , Compass Pennsylvania, LLC

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Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com

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We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City/Drexel and Mantua section of Philadelphia. This purpose-built student housing building comprises 6 units with a total of 20 bedrooms and bathrooms, offering a diverse mix of 3 and 4-bedroom units. Currently generating about $15,000 in monthly rental income with low expenses and maintenance, this investment boasts a 7.9% cap rate. This property has always been 100% leased and has already been leased for the next academic year 2025-2026.
This property primarily attract students from Drexel University and the University of Pennsylvania, as well as medical staff and young professionals. Constructed just 5 years ago, the building has been implacably maintained , up-to-date, with 5 years remaining on their property TAX ABATEMENT.
The generously sized units feature high-end finishes, including a 1 BED TO 1 BATH RATIO and premium kitchen and bathroom fixtures. These attributes make the properties highly competitive compared to nearby student housing options, ensuring they remain easy to rent for years to come.
Additional amenities include in-unit laundry, video surveillance entrances, sprinklered fire systems, high ceilings, large closets, luxury vinyl flooring, quartz countertops with stainless steel appliances, rooftop decks with skyline views, outdoor backyards, and more.
This University City Student Housing investment represents a tremendous opportunity to acquire strong-performing, never-vacant, and low-maintenance asset in a well-known, walkable, and bike-friendly neighborhood experiencing significant growth and expansion with major projects underway featuring over 33 million square feet of lab, residential, institutional, office, and public space in the pipeline at major developments like uCity Square and Schuylkill Yards, plus individual projects throughout the district.(ask me for more details on this).
Conveniently located within walking distance to world-class universities, medical facilities, 30th Street Station, and the Art Museum, these properties also offer easy access to local highways.

3716 HAVERFORD AVENUE

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Listing Courtesy of Reda B Akbil , Compass Pennsylvania, LLC

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