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$5,650,000

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7,600 SqFt

Active

3718 HAVERFORD AVE Philadelphia, PA 19104

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Matthew Curcio

ΓEA⅃ Broker

matt@sellingsj.com +1(856) 207-7592

UPDATED:

01/24/2025 02:55 PM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,600 sqft

Price per Sqft $743

MLS Listing ID PAPH2394864

Style Other

Abv Grd Liv Area 7,600

Originating Board BRIGHT

Year Built 2019

Annual Tax Amount $1,867

Tax Year 2025

Lot Size 2,500 Sqft

Acres 0.06

Lot Dimensions 25.00 x 100.00

Property Sub-Type Other

Property Description

We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City/Drexel and Mantua section of Philadelphia. This purpose-built student housing portfolio includes three properties located at 3716-18-20 Haverford Ave. The portfolio comprises 18 units with a total of 56 bedrooms and bathrooms, offering a diverse mix of 2, 3, and 4-bedroom units. Currently generating approximately $512,000 in annual rental income, this investment boasts a 7.15% cap rate.

These properties primarily attract students from Drexel University and the University of Pennsylvania, as well as medical staff and young professionals. Constructed just 5 years ago, the buildings are modern and up-to-date, with 5 years remaining on their property tax abatement.

The generously sized units feature high-end finishes, including a 1 bed to 1 bath ratio and premium kitchen and bathroom fixtures. These attributes make the properties highly competitive compared to nearby student housing options, ensuring they remain easy to rent for years to come.

Additional amenities include in-unit laundry, video surveillance entrances, sprinklered fire systems, high ceilings, large closets, luxury vinyl flooring, quartz countertops with stainless steel appliances, rooftop decks with skyline views, outdoor backyards, and more.

This University City Student Housing Portfolio represents a tremendous opportunity to acquire strong-performing, never-vacant, and low-maintenance assets in a well-known, walkable, and bike-friendly neighborhood experiencing significant growth and expansion with major projects underway featuring over 33 million square feet of lab, residential, institutional, office, and public space in the pipeline at major developments like uCity Square and Schuylkill Yards, plus individual projects throughout the district.(ask me for more details on this).

Conveniently located within walking distance to world-class universities, medical facilities, 30th Street Station, and the Art Museum, these properties also offer easy access to local highways.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Rooms

Basement Fully Finished

Interior

Hot Water Electric

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 881818715

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Reda B Akbil • Compass Pennsylvania, LLC

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Matthew Curcio

Broker Associate | License ID: 0121845

+1(856) 207-7592

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3718 HAVERFORD AVE Philadelphia, PA 19104

Matthew Curcio

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3718 HAVERFORD AVE