Listing Courtesy: Keller Williams Realty - Ocean City - 609-399-5454
We proudly present a Newly constructed multifamily building in University City, just steps from Drexel and UPenn. This fully leased property offers 11 residential units with 33 bedrooms and 33 bathrooms, plus 1,500 SF of retail space. Every unit features private bathrooms, large living areas, and modern finishes. Includes a 10-year tax abatement. With an annual gross income of $302,448, operating expenses of $52,972, and a net income of $249,475, this property offers a strong 6.653% cap rate. Ideal for investors seeking a turnkey asset in a prime, high-demand rental market.
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Last Updated: 2025-01-21 18:45:29
Market statistics compiled from data from Bright MLS.
EXIT ELEVATE REALTY
1450 Grays Ferry Ave. 1st Floor, Philadelphia, PA 19143