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.
Presented By: Keller Williams Liberty Place
Interior Features for 619 N 35Th Street
Bathrooms
Total Restrooms35
Other Interior Features
Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Total Stories3
General for 619 N 35Th Street
Acceptable FinancingCash, Other, Conventional
AccessibilityOther, Level Entry - Main
Business TypeApartment Building
Cap Rate6.65
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
Directionsuse gps
DisclosuresUnder Lease
Gross Income302448.00
HeatingCentral
Lot Size Square Feet6000.00
Lot Size UnitsSquare Feet
MLS Area19104 (19104)
ModificationTimestamp2025-04-08T14:20:40
MunicipalityPHILADELPHIA
Net Operating Income249475.00
New ConstructionNo
Number Of Units Total12
OwnershipFee Simple
Possession0-30 Days CD, 31-60 Days CD, 61-90 Days CD, Settlement
Possible UseApartments, Apartment Building, Multi-Family, Mixed Use
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