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Listed by Ryan J McManus • Keller Williams Liberty Place
$1,400,000
Est. payment /mo
1,501 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision University City
MLS Listing ID PAPH2546020
Year Built 2022
Annual Tax Amount $871
Tax Year 2025
Lot Size 1,501 Sqft
Acres 0.03
Lot Dimensions 19.00 x 79.00
Property Sub-Type Other
Source BRIGHT
Property Description
Introducing 3907 Haverford Avenue, a turnkey newly constructed apartment building in University City, Philadelphia — the highest-growth submarket in the city. Surrounded by the "eds and meds" economy with Drexel, Penn, Chop, Hup, Science Center, Schuylkill Yards and more nearby, providing a powerhouse engine for rental demand with highly skilled/educated workers in abundance — insulating multifamily rental demand in the surrounding community. The ±4040 SF, 3-storey redbrick property is composed of four (4) 1bd x 1ba units, one (1) 2bd x 2.5ba unit and one (1) 3bd x 3ba unit. The stylish residences feature a contemporary blend of cabinetry, stone, appliances and tile work, with designer-inspired lighting and plumbing fixtures. Washer/dryer combos in each unit for added convenience. Resilient LVP flooring throughout. High-powered mini-split heating/cooling systems. Soaring ceilings and ample natural light provide comfortability in each apartment. 6.75% Cap Rate. Buy into University City's real estate market for just $233K per unit where extremely high barriers-to-entry exist in this Top-10 USA MSA. FULL 10 yr tax abatement through 2031. Minimal OPEX and above-average rent growth. Enquire within for financials.
Location
Province PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Ductless/Mini-Split
Flooring Luxury Vinyl Plank
Heat Source Natural Gas
Exterior
Water Access N
View City
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881000266
Ownership Fee Simple
Security Features Exterior Cameras
Special Listing Condition Standard
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