CHARIS REALTY GROUP

Split Level, Unit/Flat

619 N 35TH STREET

PHILADELPHIA , PA 19104

MLS#: PAPH2586190

$3,800,000

Status: Active
Listing number: PAPH2586190
Listing provided by: Keller Williams Liberty Place
Listing agent phone: None
Last update: 2 hours ago
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UNIVERSITY CITY - Residential Income

Property

Beds

20

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 1,460 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 $322K, operating expense of $67k, and net income (NOI) of $255K, this property offers a strong 6.7% 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

    20

  • Bathrooms

    N/A

  • Above Grade Finished Area

    13822.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete

  • 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

    Split Level, Unit/Flat

Price

  • Sales Price

    $3,800,000

  • Tax Amount

    $8,398

  • Sq. Footage

    13, 822

  • Price/SqFt

    $274

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

  • Water Source

    Public

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Location

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PHILADELPHIA

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Listing Courtesy of Or Aharon , Keller Williams Liberty Place

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Agent Latoya Thomas

AGENT

Latoya Thomas

Call Latoya today to schedule a private showing.

(202) 449-2703

latoya@charisrealty.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 1,460 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 $322K, operating expense of $67k, and net income (NOI) of $255K, this property offers a strong 6.7% 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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