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552 35th st st
Philadelphia, PA 19104
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Assumable loan for $921k at 3.8% until 2031
- prime location in university city and modern finishes offering 1bed to 1 bath ratio
- In place full management
- Full tax abatement
- Great cash flow, fully leased with low maintenance
EXECUTIVE SUMMARY
Turnkey 3 units building in prime University city/Drexel university area. Fully leased and offers an assumable loan of $921k at 3.8% until 2029. It also has a full tax abatement for another 5 years. Featuring high end finishes with a 1 bed to 1 bath ratio, low maintenance and in place management for free on year 1. A truly turnkey investment with minimal maintenance. Inquire for more details.
PROPERTY FACTS
| Price Per Unit | $734,330 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.57% | Building Size | 4,468 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM1 - Residential Mixed Use | ||
| Price Per Unit | $734,330 CAD |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,468 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
| Zoning | RM1 - Residential Mixed Use |
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