Straight Thru
521 N 34TH STREET
PHILADELPHIA, PA 19104
MLS#: PAPH2640534
$3,675,000
Property
Beds
28
Full Baths
None
1/2 Baths
None
Year Built
2018
Sq.Footage
11,700
We are pleased to present 521 N 34th Street, an 11-unit multifamily investment opportunity located in the heart of Philadelphia's University City neighborhood. Constructed in 2018, the property consists of 17,100 rentable square feet and features a highly desirable unit mix of eight bi-level three-bedroom, three-bathroom units, one two-bedroom, two-and-a-half-bathroom unit, and two one-bedroom, one-and-a-half-bathroom units. The asset is currently 100% occupied and generates approximately $266,636 in annual Net Operating Income. Located within walking distance of Drexel University, the University of Pennsylvania, Penn Medicine, and numerous major employers, the property benefits from one of Philadelphia's strongest and most resilient rental markets. With modern construction, oversized floor plans averaging 1,555 square feet, and minimal anticipated capital expenditures, 521 N 34th Street offers investors a turnkey opportunity with durable cash flow and long-term appreciation potential.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen
-
Total Bedrooms
28
-
Bathrooms
N/A
-
Above Grade Finished Area
11700.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.11
-
Lot Size(square feet)
4945.0
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Straight Thru
Price
-
Sales Price
$3,675,000
-
Tax Amount
$33,833
-
Zoning
Residential Single Family Attached
-
Sq. Footage
11, 700
-
Price/SqFt
$314
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Other
-
Sewer
Public Sewer, Private Sewer
-
Water Source
Private, Public, Other
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Saam Tashayyod , Trophy Commercial Real Estate LLC
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AGENT
Sherry & Randy Rase
Call Sherry & Randy today to schedule a private showing.
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