619 N 35TH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 13,822 sqft
Price per Sqft $289
MLS Listing ID PAPH2400488
Year Built 1920
Annual Tax Amount $8,398
Tax Year 2024
Lot Size 6,000 Sqft
Property 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.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Exterior
Waterfront N
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Other,Conventional
Listing Terms Cash,Other,Conventional
Special Listing Condition Standard