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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.
| DAYS ON MARKET | 56 | LAST UPDATED | 9/29/2024 |
|---|---|---|---|
| YEAR BUILT | 1920 | COMMUNITY | 19104 (19104) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19104 (19104) |
| HEAT | Central, Electric |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 60.00 x 100.00 |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 8398 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Keller Williams Realty - Ocean City
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