Turnkey Investment Opportunity! CASH COW in Powelton Village - 517 N. 35th Street is an income-producing, multifamily property located in the heart of Powelton Village. This well-maintained building features 8 self-contained studios, each with its own kitchenette and private bathroom, a low-maintenance, high-demand rental configuration ideal for the student rental… Read More and young professional tenant base. The property is currently grossing $80,940 annually, delivering strong, stable cash flow with potential upside through targeted improvements or rental increases. The layout includes 2 rooms on the first floor, 3 rooms on the second floor, and 3 rooms on the third floor. The building is fully leased and respectfully managed. All tenants pay separately for electric, internet and the landlord is responsible for water and common area electric. Located just blocks from Drexel University, the University of Pennsylvania, and Powelton Village, this asset benefits from strong demand from students, young professionals, and medical staff. It's walkable to campus, SEPTA transit lines, restaurants, and local amenities. Buyer is responsible for verifying any and all zoning, licensure, and usage requirements with the City of Philadelphia. Read Less
Courtesy of Frank DeFazio, BHHS Fox & Roach-Center City Walnut [email protected]
Listing Snapshot
Days Online
25
Last Updated
Property Type
Townhouse
Square Ft.
2,364
Lot Size
0.02 Acres
Year Built
1930
MLS Number
PAPH2522082
30 Days Snapshot Of 19104
$339k
-3%
(avg) sold price
8
-33%
homes sold
62
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2,364 sqft living area, Built in 1930, Structure Type: Interior Row/Townhouse, 3 units in building, Masonry
Cooling
Central Air, Central A/C
Heating
Natural Gas, Forced Air
Lot
963 sqft, Lot Size Dimensions: 18.00 x 55.00, 0.02 acres
Property
Other Structures: Above Grade, Below Grade, 2 three-bedroom units, 1 two-bedroom unit
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