3817 WALLACE Street
Property Description
FULL OCCUPIED/ 100% OCCUPIED 3817 Wallace Street presents a newer-construction four-unit multifamily investment opportunity in Philadelphia's University City neighborhood. Built in 2020 and totaling approximately 4,021 square feet, the property offers a combination of in-place income, modern construction, and remaining tax-abatement benefits. Current Rent Roll Unit 1 - 2 Bed / 2 Bath - 1680/month Unit 2 - 2 Bed / 2 Bath - Leased - $1,700/month Unit 3 - 3 Bed / 2 Bath - Leased - $1,600/month Unit 4 - 3 Bed / 2 Bath with Private Rooftop Terrace - Leased - $2,100/month Projected Gross Monthly Income: Approximately $7080 Projected Gross Annual Income: Approximately $84,960 Property Highlights - Built in 2020 - Four residential units - Approximately 4,021 square feet - Two 2-bedroom / 2-bathroom units - Two 3-bedroom / 2-bathroom units - Private rooftop terrace for Unit 4 - Contemporary kitchens and finishes - Quartz countertops - Stainless steel appliances - Energy-efficient systems - Lower-maintenance newer construction - Three units currently leased - Approximately five years remaining on Philadelphia's 10-Year Tax Abatement Location Near University of Pennsylvania, Drexel University, CHOP, Penn Presbyterian Medical Center, 30th Street Station, public transportation, and Center City employment centers. Investment Summary 3817 Wallace Street offers investors a newer-construction multifamily asset with current rental income, one remaining lease-up opportunity, and meaningful remaining tax-abatement benefits.
Broker Details
Revo Realty Group, LLC (610) 574-7224
MLS ID: 3256530 State License Number: RM426020
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $865,000 |
| No. of Units: | 4 |
| Year Built: | 2020 |
| Lot Size: | 4,021.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $216,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2619704
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