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3718 HAVERFORD AVENUE
PHILADELPHIA PA 19104 US

$5,650,000

Active Listing ID PAPH2394864
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Lot: 0.06 Acres
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Other

$5,650,000

Active Listing ID PAPH2394864
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3718 HAVERFORD AVENUE 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.

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Property Features

  • Facts
  • Lot Size: 0.06 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C
  • Heating Fuels: Central Furnace, Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 5650000
  • unparsedaddress: 3718 HAVERFORD AVENUE
  • postalcity: PHILADELPHIA
  • stateorprovince: PA
  • country: US
  • postalcode: 19104
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.06
  • lotsizeunits: Acres
  • lotsizearea: 0.06
  • livingarea: 7600
  • livingareaunits: Square Feet
  • latitude: 39.96341
  • longitude: -75.1962
  • listagentfullname: Reda Akbil
  • listagentemail: reda.akbil@compass.com
  • listagentkey: 3yd-TRENDPA-3188211
  • listagentmlsid: 3188211
  • listagentofficephone: 2674358015
  • listofficekey: 3yd-TRENDPA-COMPASS1
  • listofficemlsid: COMPASS1
  • disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 2019
  • listingcontractdate: 2024-09-13
  • listagenturl: https://www.compass.com/
  • countyorparish: PHILADELPHIA
  • elementaryschooldistrict: THE SCHOOL DISTRICT OF PHILADELPHIA
  • middleorjuniorschooldistrict: THE SCHOOL DISTRICT OF PHILADELPHIA
  • highschooldistrict: THE SCHOOL DISTRICT OF PHILADELPHIA
  • cooling: Central A/C
  • heating: Central Furnace, Forced Air
  • numberofunitstotal: 1
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.1962, 39.96341
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"reda.akbil@compass.com", "ListBrokerageCity":"New York", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Support@Compass.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"10011", "ListBrokerageStateOrProvince":"NY", "ListBrokerageUnitNumber":"Floor 3", "ListBrokerageUnparsedAddress":"90 Fifth Avenue", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"1430 Walnut STREET", "ListOfficeAddress2":"3", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Philadelphia", "ListOfficeCountry":"US", "ListOfficeEmail":"marianne.dillon@compass.com", "ListOfficePostalCode":"19102", "ListOfficeStateOrProvince":"PA", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family - PHILADELPHIA, PA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3718-Haverford-Ave_Philadelphia_PA_19104_M94027-34529?f=listhub&s=TRENDPA&m=PAPH2394864&c=rexren", "MLSModificationTimestamp":"2024-10-29T12:13:05Z", "Neighborhoods":[{"Description":null, "Name":"PHILADELPHIA"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1867, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:46:24 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Reda Akbil, Compass Pennsylvania, LLC, reda.akbil@compass.com

Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.