3716 Haverford Ave - Apartments FOR SALE


Philadelphia, PA 19104- Mantua
$1,750,000 USD
267-205-1369
3716 Haverford Ave, Philadelphia, PA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/24
null | 8.06% Cap Rate

3716 Haverford Ave
Philadelphia, PA 19104
Mantua


HIGHLIGHTS

  • 1bed to 1bath ratio
  • Tax Abatement
  • Newer construction and in pristine condition
  • Fully leased till August 2026. Never been vacant
  • Prime location near Drexel, Upenn and the hospitals
  • Outdoor Roofdeck access

OVERVIEW

We are pleased to present a turnkey, fully leased and well priced 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 8+ % 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.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

8.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RM1

APN/PARCEL ID

881818708

ASK ABOUT THIS PROPERTY

Reda AkbilCompass CommercialMore Info
267-205-1369

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Reda AkbilCompass CommercialMore Info
267-205-1369

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.