11 Unit Building in University City – Tax Abatement – $3.9M
521 N 34th Street, Philadelphia, PA 19104
Incredible 11 units apartment building located near Drexel University. Completed in 2015 and TAX ABATEMENT started in 2020. High end finishes, high quality construction. Fully occupied rent roll $23,275 per month. Very low expenses. 8 units 3 bedrooms 3 bathrooms. 2 units 1 bedroom 1 bathroom and one unit 2 bedroom 2 bathroom.
CAP RATE – 6.46%
Units feature Hardwood floors, stainless steel appliances, W/D in units.
528-40 N 34th St, Philadelphia, PA 19104
14,800 sq 15 units just sold for $5.5M
11 units (28 rooms)
11,700 sq ft
Zoned as RSA-5 – Zoning Variance for 11 unit
Annual tax $3312
Showings by appointment only. Please review pictures, videos, and Income/Expense reports before making an appointment. To schedule an appointment, the buyer must provide POF, LOI, and 24-48 notice to coordinate with tenants.
Showings to serious buyers ONLY with POF provided.
Asking Price: $3,900,000
Please see photos and videos here: https://buff.ly/3p0z5WL
Please see income/expense report here: