4,731 SqFt
4,731 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,731 sqft
Price per Sqft $264
MLS Listing ID PAPH2642862
Style Traditional
Abv Grd Liv Area 4,731
Year Built 2016
Annual Tax Amount $22,914
Tax Year 2025
Lot Size 1,698 Sqft
Acres 0.04
Lot Dimensions 19.00 x 91.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
An exceptional opportunity to acquire a fully renovated, cash-flowing student housing property in the heart of Drexel University. This turnkey investment consists of four fully leased apartments, each featuring 3 spacious bedrooms and 1 full bathroom, for a total of 12 bedrooms and 4 bathrooms.
Every unit has been thoughtfully renovated with modern finishes, including hardwood flooring, stainless steel appliances, central heating and air conditioning, in-unit washers and dryers, and built-in microwaves. The oversized bedrooms and functional layouts make the property highly desirable among Drexel students, contributing to consistent occupancy and strong rental demand.
The property is 100% leased for the 2026–2027 Drexel academic year, providing immediate, stable cash flow from day one.
Investment Highlights:
Four renovated 3-bedroom, 1-bath apartments
Total of 12 bedrooms and 4 full bathrooms
Fully leased for the 2026–2027 Drexel school year
Monthly rental income: $7,700
Additional water reimbursement income: $275/month
Total gross monthly income: $7,975
Modern renovations throughout all units
Central heating and air conditioning
In-unit washers and dryers
Hardwood floors and stainless steel appliances
Strong rental history in a high-demand student housing market
Located just minutes from Drexel University, the University of Pennsylvania, public transportation, hospitals, restaurants, and Center City Philadelphia, this property offers an outstanding combination of reliable income, strong tenant demand, and long-term appreciation potential.
Whether you're expanding an existing portfolio or acquiring your first student housing asset, this fully stabilized property presents an outstanding investment opportunity with immediate cash flow and minimal management concerns.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Equipment Dryer, Oven/Range - Gas, Refrigerator, Washer, Dishwasher, Microwave
Fireplace N
Appliance Dryer, Oven/Range - Gas, Refrigerator, Washer, Dishwasher, Microwave
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 4731
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 242152700
Ownership Fee Simple
SqFt Source 4731
Acceptable Financing FHA, VA, PHFA, Cash, Conventional
Listing Terms FHA, VA, PHFA, Cash, Conventional
Financing FHA,VA,PHFA,Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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