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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(s):
Commercial
| Last Updated | 1/9/2025 | Year Built | 1920 |
|---|---|---|---|
| Community | 19104 (19104) | County | PHILADELPHIA |
Price History
| Prior to Jan 9, '25 | $4,000,000 |
|---|---|
| Jan 9, '25 - Today | $3,750,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19104 (19104) |
| HEAT | Central, Electric |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 60.00 x 100.00 |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 8398 |
| WATER | Public |
Location
Listing provided by Keller Williams Realty - Ocean City
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 1:21 PM PST
This IDX solution is (c) Diverse Solutions 2025.
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