Introducing 619 PHILADELPHIA, PA 19104 NORTH 35TH STREET, a modern apartment building with a 10-year tax abatement and fully leased units conveniently located near Drexel University and the University of Pennsylvania. Each unit features private bathrooms, spacious layouts, and premium finishes, offering a luxurious and comfortable living experience for tenants. The property's strategic positioning ensures a consistent flow of student and professional tenants. With a diverse mix of 2, 3, 4, and 5-bedroom units, this investment opportunity guarantees high rental income and long-term appreciation in one of Philadelphia's most sought-after neighborhoods. The property comes with detailed financials showcasing an annual gross income of $322,668 and a cap rate of 6.716%. Act now to own a piece of this high-demand real estate at 619 PHILADELPHIA, PA 19104 NORTH 35TH STREET and elevate your investment portfolio. Investment highlights Property Overview: Property Type: Newly constructed, modern multifamily building with 11 residential units and 1 retail space. Location: Prime location in University City, near Drexel University and the University of Pennsylvania. Total Units: 33 bedrooms, 33 bathrooms, including 2, 3, 4, and 5-bedroom units. Each unit offers private bathrooms for tenant privacy. Retail Space: Approx. 1,460 SF of ground-floor commercial/retail space with two bathrooms. Completion Date: Renovation completed in August 2023, including the addition of a third floor. Tax Abatement: Partial 10-year tax abatement. Financials: Asking Price: $3,800,000 Annual Gross Income: $322,668 Operating Expenses: $67,450.65 (%20.904 of gross income) Annual Net Income: $255,217 Cap Rate: 6.7% Property Features: Spacious Layouts: Each unit boasts large living areas and abundant natural light, catering to student and professional tenants. Fully Leased: Property is fully leased, with leases available upon request. Modern Amenities: Premium finishes, private bathrooms in every bedroom, and flexible, open floor plans make this an attractive rental option. Neighborhood Overview: Located in the heart of University City, the property benefits from a high demand for rental housing due to its proximity to major educational institutions and employers like Drexel University, the University of Pennsylvania, and the Children’s Hospital of Philadelphia. Vibrant Area: The neighborhood is a hub for education, healthcare, and innovation, drawing students, professionals, and businesses alike. With robust demand for residential and commercial properties, this area is ideal for long-term investment.