Philadelphia, PA 19104,619 N 35TH ST
Philadelphia, PA 19104,619 N 35TH ST
Philadelphia, PA 19104,619 N 35TH ST
Philadelphia, PA 19104,619 N 35TH ST
Philadelphia, PA 19104,619 N 35TH ST
Philadelphia, PA 19104,619 N 35TH ST
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Pumsu Lim

Pumsu Lim

+1(506) 970-3459
$ 3,800,000
Est. payment | /mo

6,000 Sqft Lot

Save
$ 3,800,000
Est. payment | /mo
Save

6,000 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Lot Size 6,000 Sqft

MLS Listing ID PAPH2586226

Subdivision University City

Total Units 12

Short Sale No

Originating MLS BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

1-purchase type For Sale

Exterior

Utilities Available Electric Available, Water Available

Waterfront N

Water Access N

View City

Accessibility None

Parking Type None

Building

New Construction N

Lot Dimensions 60.00 x 100.00

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax Amount $8,000

Tax Year 2025

Tax ID 871600765

Ownership Fee Simple

Special Sale Standard

Bright MLS (BMLS)
testyfx76
Listed by Or Aharon • Keller Williams Liberty Place

Nearby Locations

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