401 N 33rd St
- 401 N 33RD ST, 19104
- » Sale Price: $825,000
- » Unit Count: 6 Units
- » Gross Building Area (Above-Grade): 3,348 SF
- » Year Built: 1920
- » Zoning: RTA-1
- » Total Lot Area (Parcel Size): 3,136 SF
- 4520 SPRUCE ST, 19139
- » Sale Price: $900,000
- » Unit Count: 6 Units
- » Gross Building Area (Above-Grade): 4,640 SF
- » Year Built: 1925
- » Zoning: RTA-1
- » Total Lot Area (Parcel Size): 4,716 SF
- 3726 BARING ST, 19104
- » Sale Price: $775,000
- » Unit Count: 6 Units
- » Gross Building Area (Above-Grade): 3,558 SF
- » Year Built: 1890
- » Zoning: RTA-1
- » Total Lot Area (Parcel Size): 2,927 SF
Property Description
MPN Realty is pleased to present the opportunity to acquire an established portfolio of 18 units across three buildings in prime University City locations, walkable to both Drexel University and the University of Pennsylvania. Acquire this stabilized, income-producing investment with potential to boost rents and add value via cosmetic renovations and building upgrades. Benefit from a strong tenant base derived from the University of Pennsylvania’s full-time student population of 23,948 (up 1.65% YOY), as well as 39,000+ individuals employed by the University of Pennsylvania, and an overall population of more than 100,000 residents between the 19104 and 19139 zip codes. As the pipeline of multifamily deliveries in Philadelphia continues to dwindle, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.Broker Details
Mallin Panchelli Nadel Realty, Inc. (215) 413-4900
MLS ID: 3301126 State License Number: RS352351
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,500,000 |
| No. of Units: | 18 |
| Opportunity Zone: | No |
| Price per unit: | $138,889 |
| Property Website | Click Here |
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