4,200 SqFt
4,200 SqFt
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $380
Subdivision Mantua
MLS Listing ID PAPH2671590
Style Contemporary
Abv Grd Liv Area 4,200
Year Built 2024
Available Date 2026-09-29
Annual Tax Amount $4,315
Tax Year 2026
Lot Size 2,031 Sqft
Acres 0.09
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The property consists of five occupied residential units, is currently fully leased, and generates $10,854 per month
All residents currently participate in the Section 8 Housing Choice Voucher Program, . PHA payments represent approximately 66% of the property's current base rental income, providing an established income structure with guaranteed rent, while offering investors exposure to one of Philadelphia's strongest rental markets.
Built only a few years ago, 717 N 35th Street provides the advantages of newer construction, modern building systems, contemporary residential layouts, and substantially less deferred maintenance than much of Philadelphia's multifamily inventory. The property is already stabilized and occupied, allowing a new owner to acquire an income-producing asset from day 1 without assuming the renovation and lease-up risk commonly associated with value-add multifamily investments.
Located near University City, the property benefits from convenient access to major universities, hospitals, employment centers, public transportation, Center City, and the continued residential and institutional investment occurring throughout West Philadelphia.
Whether completing a 1031 exchange, expanding an existing Philadelphia multifamily portfolio, or acquiring a stabilized newer-construction rental property, 717 N 35th Street presents an opportunity to acquire a fully occupied five-unit asset generating approximately $130,248 in annual income with low expenses and guaranteed Section 8 tenancy, newer construction, and approximately seven years remaining on its tax abatement.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Interior Features Bathroom - Soaking Tub, Bathroom - Tub Shower, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Recessed Lighting, Upgraded Countertops, Kitchen - Efficiency
Hot Water 60+ Gallon Tank
Cooling Central A/C
Flooring Luxury Vinyl Plank, Tile/Brick
Equipment Stainless Steel Appliances, Microwave, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Water Heater - High-Efficiency, Water Heater, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Refrigerator, Dishwasher, Dryer, Washer
Fireplace N
Appliance Stainless Steel Appliances, Microwave, Oven - Self Cleaning, Oven - Single, Oven/Range - Electric, Water Heater - High-Efficiency, Water Heater, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Refrigerator, Dishwasher, Dryer, Washer
Heat Source Electric
Laundry Dryer In Unit
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Slab
Above Ground Finished SqFt 4200
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 881822867
Ownership Fee Simple
SqFt Source 4200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
