4052 Baring St
PHILADELPHIA, PA 19104

Description

Triplex student housing apartment building in University City. Walking distance to Drexel University and University of Pennsylvania. Unit A has 5 bedrooms 2 bathrooms. Unit B has 3 bedrooms 1 bathroom. Unit C has 3 bedroom 1 bathroom. The whole building is fully furnished. All tenants are Drexel and U Penn students. Currently 100% occupied to the end of July or August, 2020. Monthly rent $6005. This building has been always 100% rented since it was built in 2013. 10 years tax abatement to the year of 2024. At the current asking price, the net CAP rate is about 7.7%. This is a great investment opportunity in University City market! Call or text at 215-360-7811 to make appointment.

Details

MLS#PAPH509984
Sub-TypeResale
StatusActive
Year2013
Days On Site156

Features

SQ Feet3,570
Units3

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19104
Area19104 (19104)
Listing VS Median (in 19104)
Price:
$835,000
low | high
Med:
$40,000
100% of Average
SqFt:
3,570
low | high
Med:
1,415
100% of Average
$ / SqFt:
$234
low | high
Med:
$28
100% of Average
On Site:
156
low | high
Med:
8
100% of Average
Listing Updated: 06/14/2019
MLS Number: PAPH509984
Listing Provided By:
PHILLIP ZHAO  of  Liberty Real Estate