619 North 35th Street

Philadelphia, PA 19104

$4,000,000
Price
Beds
13,822 Sq. Ft.
$289 / Sq. Ft.
13,822
Sq. Ft.
$289
per Sq. Ft.

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 6.24% cap rate. Ideal...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 6.24% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand rental market.
  1. Listed by Or Aharon • Keller Williams Realty - Ocean City
    P: (267)-270-6634 or@agentphl.com
  2. Listed by Ryan J McManus • Keller Williams Liberty Place
    P: (610)-606-1095 ryan@agentphl.com

Property Details for 619 North 35th Street

Tax ID Number
871600765
Ownership
Fee Simple
Structure Type
Detached
Style
Unit/Flat, Split Level
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Total Parking Spaces
0
LISTING UPDATED: 11/25/2024 01:42 PM

Property Details for 619 North 35th Street

StatusActive
MLS #PAPH2423062
Days on Market3
Taxes$8,398 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.14 AC / 6,000 SF
CountyPhiladelphia County

Building Information for 619 North 35th Street

Stories-Residences2Year Built1920Building Size-Lot Size0.14 AC / 6,000 SF

Property Information for 619 North 35th Street

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: $600,000
  • Year Assessed: 2024
  • County Tax: $0
  • Improvement Assessed Value: $480,000
  • City Town Tax: $3,695
  • Land Assessed Value: $120,000
  • Clean Green Assessed: No
  • Land Use Code: Y30
  • Zoning: CMX2
  • School Tax: $4,703
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 7
  • Units Leased Count: 12
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $52,972
Financial Information
  • Gross Income: $25,204
  • Net Operating Income: $249,476
  • Annual Rental Income: $302,448
  • Income Includes: Apartment Rentals, Shop Rentals, Other
  • Cap Rate: 6.24
  • Existing Lease Type: Triple Net
Building Info
Building Info
  • Year Major Reno Remodel: 2023
  • Building Level Count: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 60.00 x 100.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 1028261
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Accessibility Features: Other, Level Entry - Main
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 619 North 35th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 619 North 35th Street

Taxable ValueLand$120,000Additions$480,000Total$600,000
Tax Record2023$8,399 ($700 / month)
Home Facts
Total Finished SqFt12,000 SqFtAbove Grade Finished SqFt12,000 SqFtStories2Lot Size6,000 SqFtStyleOffice BuildingYear Built1920ZoningCMX2CountyPHILADELPHIAAPN87-1-6007-65

Schools near 619 North 35th Street

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

School Of The Future
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

619 North 35th Street is a multi-family home for sale in Philadelphia, PA 19104. This property was listed for sale on November 25, 2024 by Keller Williams Realty - Ocean City, it's currently listed at $4,000,000. It has been on the market for a total of 3 days and was last sold on July 27, 2021. 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. 619 North 35th Street is a 0-bed, 0-bath, 13,822 sqft multi-family home built in 1920.

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.

Listing Courtesy of Keller Williams Realty - Ocean City; Keller Williams Liberty Place

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.