619 N 35th Street

PHILADELPHIA, PA 19104

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 6000
    Sqft(Lot)
$3,750,000

Description

We proudly present a 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 6.653% cap rate. ideal for investors seeking a turnkey asset in a prime, high-demand rental market.

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    Unit/Flat,Split Level

  • AD ID

    47858252

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Central
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1920
    • Structure: Detached
    • New Construction: No
    • Total Units: 2
    • Built: 1920
    • Construction Material: Masonry
    • Foundation/Basement: Concrete Perimeter,Other
    • Architecture: Unit/Flat,Split Level
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 6,000
    • Dimensions: 60.00 x 100.00
    • Lot Size (Acres): 0.14
    • Architectural Style: Unit/Flat,Split Level
    • Stories Total: 3
    • Main Square Feet: 6,000

    Property Information

    • SQ ft: 13,822
    • SQ ft (Living Area): 13,822
    • Total Lot SQ ft: 6,000
    • Financing: Cash,Other,Conventional
    • Appx. Lot Dimensions: 60.00 x 100.00
    • Total Acreage: 0.14
    • New Construction: No
    • Type: Unit/Flat,Split Level

  • Listing Information

    • Possession: 0-30 Days CD,31-60 Days CD,61-90 Days CD,Settlement
    • Days Of Market: 136

  • Tax Information

    • Annual Tax: $8,398
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD,31-60 Days CD,61-90 Days CD,Settlement

    Assessment Information

    • Taxes Assessment Amount: $600,000

  • Parking Information

    • Parking Type: None

    Multi-Unit Information

    • Acceptable Financing: Cash,Other,Conventional

    Homeowners Association Information

    • Direction: use gps

  • School Information

    • School District: THE SCHOOL DISTRICT OF PHILADELPHIA

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: use gps
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BuyOwner last updated this listing 05/13/2025 @ 19:09

  • MLS: PAPH2423062
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 6,000 sized lot, and 0 parking. are nearby neighborhoods.