619 N 35 Th St
$3,750,000
619 N 35 Th St, Philadelphia, Pa 19104
For Sale
Multifamily
Active
Last Updated: 02/08/2025
6.65
Cap Rate
249,475
NOI
Details:
Cap Rate: 6.65%
NOI: $249,475
Building Size: 13,822 sqft
Year Built: 1920
Price Per Sqft: $271.31
Zoning: CMX2
Highlights:
- Days on Market: 132
- Heating: Central
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 6.653% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand rental market.
Location
Gallery
