PA > Philadelphia
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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Simone Velvel

Simone Velvel

+1(703) 507-7614
$3,750,000
Est. payment /mo
13,822 SqFt
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UPDATED:

01/21/2025 11:14 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 13,822 sqft

Price per Sqft $271

MLS Listing ID PAPH2400488

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $8,398

Tax Year 2024

Lot Size 6,000 Sqft

Acres 0.14

Lot Dimensions 60.00 x 100.00

Property Sub-Type Five Or More Units

Property 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.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility Other, Level Entry - Main

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871600765

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Other, Conventional

Listing Terms Cash, Other, Conventional

Financing Cash,Other,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Or Aharon • Keller Williams Realty - Ocean City
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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619 N 35TH ST

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