3718 Haverford Avenue

Philadelphia, PA 19104

$5,650,000
Price
Beds
7,600 Sq. Ft.
$743 / Sq. Ft.
7,600
Sq. Ft.
$743
per Sq. Ft.

Description

We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City/Drexel and Mantua section of Philadelphia. This purpose-built student housing portfolio includes three properties located at 3716-18-20 Haverford Ave. The portfolio comprises 18 units with a total of 56 bedrooms and bathrooms, offering a diverse mix of 2, 3, and 4-bedroom units. Currently generating approximately $512,000 in annual rental income, this investment boasts a 7.15% cap rate....We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City/Drexel and Mantua section of Philadelphia. This purpose-built student housing portfolio includes three properties located at 3716-18-20 Haverford Ave. The portfolio comprises 18 units with a total of 56 bedrooms and bathrooms, offering a diverse mix of 2, 3, and 4-bedroom units. Currently generating approximately $512,000 in annual rental income, this investment boasts a 7.15% cap rate.

These properties primarily attract students from Drexel University and the University of Pennsylvania, as well as medical staff and young professionals. Constructed just 5 years ago, the buildings are modern and up-to-date, with 5 years remaining on their property tax abatement.

The generously sized units feature high-end finishes, including a 1 bed to 1 bath ratio and premium kitchen and bathroom fixtures. These attributes make the properties highly competitive compared to nearby student housing options, ensuring they remain easy to rent for years to come.

Additional amenities include in-unit laundry, video surveillance entrances, sprinklered fire systems, high ceilings, large closets, luxury vinyl flooring, quartz countertops with stainless steel appliances, rooftop decks with skyline views, outdoor backyards, and more.

This University City Student Housing Portfolio represents a tremendous opportunity to acquire strong-performing, never-vacant, and low-maintenance assets in a well-known, walkable, and bike-friendly neighborhood experiencing significant growth and expansion with major projects underway featuring over 33 million square feet of lab, residential, institutional, office, and public space in the pipeline at major developments like uCity Square and Schuylkill Yards, plus individual projects throughout the district.(ask me for more details on this).

Conveniently located within walking distance to world-class universities, medical facilities, 30th Street Station, and the Art Museum, these properties also offer easy access to local highways.

Listing Agent

  1. Reda Akbil

    Reda Akbil

    Listing Agent

    Compass

    reda.akbil@compass.com

    P: (267)-205-1369

Property Details for 3718 Haverford Avenue

Tax ID Number
881818715
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
09-13-2024
Municipality
PHILADELPHIA
LISTING UPDATED: 10/29/2024 12:13 PM

Property Details for 3718 Haverford Avenue

StatusActive
MLS #PAPH2394864
Days on Market70
Taxes$1,867 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2018
Lot Size0.06 AC / 2,500 SF
CountyPhiladelphia County

Building

3718 Haverford Ave

3 StoriesBuilt in 2018

Building Information for 3718 Haverford Avenue

Stories3Residences-Year Built2018Building Size-Lot Size0.06 AC / 2,500 SF

Property Information for 3718 Haverford Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19104 (19104)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $133,400
  • Year Assessed: 2024
  • County Tax: $0
  • Improvement Assessed Value: $0
  • City Town Tax: $821
  • Land Assessed Value: $133,400
  • Clean Green Assessed: No
  • Land Use Code: CA0
  • Zoning: RM1
  • Tax Lot: 11
  • School Tax: $1,045
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 8
  • Number Of Units Vacant: 0
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: 7,600.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 25.00 x 100.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1395894
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air, Central
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 3718 Haverford Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3718 Haverford Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$1,867 ($156 / month)
Home Facts
Total Finished SqFt6,600 SqFtAbove Grade Finished SqFt6,600 SqFtStories3Lot Size2,500 SqFtStyleMulti-Family Res (5+ Units)Year Built2019ZoningRM1CountyPHILADELPHIAAPN88-1-8187-15

Schools near 3718 Haverford Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mcmichael Morton School
PublicPK to 8

West Philadelphia High School
Public9 to 12

Philadelphia Learning Academy - South
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3718 Haverford Avenue is a multi-family home for sale in Philadelphia, PA 19104. This property was listed for sale on September 13, 2024 by Compass, it's currently listed at $5,650,000. This listing's school district is The School District of Philadelphia. Nearby schools include Mcmichael Morton School, West Philadelphia High School and Paul Robeson High School For Human Services. 3718 Haverford Avenue is a 0-bed, 0-bath, 7,600 sqft multi-family home built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.