619 N 35th Street
Philadelphia, PA 19104
- – beds
- – baths
- 13,822 sqft
- 6,000 sqft lot
- $289 per sqft
- 1920 build
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.
Last checked:
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Last updated Dec 10, 2024
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MLS# PAPH2423062 —
The Building
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Year Built:1920
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Year Built Source:Estimated
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Year Major Reno/Remodel:2023
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New Construction:No
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Construction Materials:Masonry
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Building Levels:3
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Building Units Total:2
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Structure Type:Detached
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Architectural Style:Unit/Flat, Split Level
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Accessibility Features:Other, Level Entry - Main
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Foundation Details:Concrete Perimeter, Other
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Total SqFt Source:Estimated
Interior
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Room Count:34
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:13822
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Living Area SqFt:13,822 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Other, Conventional
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Possession:0-30 Days CD, 31-60 Days CD, 61-90 Days CD, Settlement
Location
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Directions:use gps
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Latitude:39.96439743
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Longitude:-75.19286346
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.14
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Lot Size Source:Estimated
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Lot Size Dimensions:60.00 x 100.00
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Lot Dimensions Source:Estimated
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Lot SqFt:6,000 Sqft
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Zoning:CMX2
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Other Structures:Above Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:Y30
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (267) 270-6634
- Office phone:
- (609) 399-5454
Taxes
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Tax ID Number:871600765
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Tax Year:2024
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Tax Annual Amount:$8,398
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Tax Assessed Value:$600,000
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Year Assessed:2024
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School Tax:4703.0
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City/Town Tax:3695.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Central
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Cap Rate:6.24
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Vacation Rental:No
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One Bedroom Units:1
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Two Bedroom Units:4
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Three Bedroom Units:7
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/25/24
Nov 25, 2024
|
Listed / Active | BRIGHT | $4,000,000 |
