619 North 35th Street
$4,000,000
—
13,822
13,822
$289
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.
- Listed by Or Aharon • Keller Williams Realty - Ocean CityP: (267)-270-6634 or@agentphl.com
- Listed by Ryan J McManus • Keller Williams Liberty PlaceP: (610)-606-1095 ryan@agentphl.com
Property Details for 619 North 35th Street
Tax ID Number
871600765
OwnershipFee Simple
Structure TypeDetached
StyleUnit/Flat, Split Level
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Total Parking Spaces0
LISTING UPDATED: 11/25/2024 01:42 PM
Property Details for 619 North 35th Street
Status | Active |
---|---|
MLS # | PAPH2423062 |
Days on Market | 3 |
Taxes | $8,398 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1920 |
Lot Size | 0.14 AC / 6,000 SF |
County | Philadelphia 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
Property History for 619 North 35th Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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 | ||
Paul Robeson High School For Human Services 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.