Adam Carswell - REMAX Distinctive
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, 2019. Monthly rent $5925. 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 7.6%. 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 Site7

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:
$72,450
100% of Average
SqFt:
3,570
low | high
Med:
1,000
100% of Average
$ / SqFt:
$234
low | high
Med:
$17
100% of Average
On Site:
7
low | high
Med:
4
100% of Average
Listing Updated: 01/16/2019
MLS Number: PAPH509984
Listing Provided By:
PHILLIP ZHAO  of  Liberty Real Estate

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