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.
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Listing Snapshot
Price
$4,000,000
Days On Site
89 Days
Bedrooms
N/A
Inside Area (SqFt)
13,822 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.14 Acres
Year Built
1920
MLS® Number
PAPH2400488
Status
Active
Property Tax
$8,398
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
3 months ago
Status changed to Active
3 months ago
Listing first seen on site
General Features
Acres
0.14
Number Of Stories
3
Sewer
Public Sewer
SqFt Total
13822
Water Source
Public
Interior Features
Appliances
Electric Water Heater
Cooling
Central Air
Heating
CentralElectric
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Community Features
MLS Area
19104 (19104)
Listing courtesy of Keller Williams Realty - Ocean City
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