619 N 35th St - Apartments FOR SALE


Philadelphia, PA 19104- Mantua
$4,000,000 USD
610-606-1095
619 N 35th St, Philadelphia, PA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

619 N 35th St
Philadelphia, PA 19104
Mantua


HIGHLIGHTS

  • TURNKEY APARTMENT BUILDING
  • LOCATED BY PENN AND DREXEL
  • TOP-10 USA MSA

OVERVIEW

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 6.24% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand rental market.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

11

PRICE/UNIT

$363,636

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

CMX-2

APN/PARCEL ID

881000704

ASK ABOUT THIS PROPERTY

Ryan McManusAgent PHLMore Info
610-606-1095

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Ryan McManusAgent PHLMore Info
610-606-1095

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