521 N 34th St,PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
Description
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.
Details
| MLS # | PAPH2640534 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2018 |
| Days On Site | 108 |
| Listing Provided By | Trophy Commercial Real Estate LLC | Saam Tashayyod |
Features
| SQ Feet | 11,700 |
|---|---|
| Units | 1 |
| Zoning | RSA5 |
| Acreage | 0.11 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
| Interior Features | Kitchen - Eat-In |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 33833 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | PHILADELPHIA (WEST) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in PHILADELPHIA (WEST)) | |
Price: $3,675,000 low | high Med: $175,000 sqft: 11,700 low | high Med: 1,184 $ / sqft: $314 low | high Med: $148 On site: 108 low | high Med: 44 | |
Market Activity 19104
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | PHILADELPHIA (WEST) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in PHILADELPHIA (WEST)) | |
Price: $3,675,000 low | high Med: $175,000 sqft: 11,700 low | high Med: 1,184 $ / sqft: $314 low | high Med: $148 On site: 108 low | high Med: 44 | |