619 N 35Th Street, Philadelphia, PA 19104-1901 $3,750,000

# of Units: 2
Interior Sq. Ft: 13,822
Acreage: 0.14
Age:105 years
Taxes: $8,398
MLS#: PAPH2423062
Design/Type:
Detached

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 6.653% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand rental market.

Taxes: $8,398
Home Assoc: No
Condo Assoc: No
Garage: N
Basement:
Pool: No Pool
School Dist: The School District Of Philadelphia

Features

Utilities
Central Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer

Garage/Parking
None

Interior
Accessibility - Level Entry - Main,

Exterior
Concrete Perimeter Foundation, , Masonry

Contact Information

Listing Courtesy of: Keller Williams Realty - Ocean City , (609) 399-5454, klrw903@kw.com

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Listing data as of 3/16/2025.