3718 Haverford Ave, PHILADELPHIA, PA

$5,650,000

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7,600

Square feet

0.06

Acres

About 3718 Haverford Ave

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.

Features of 3718 Haverford Ave

MLS® # PAPH2394864
Price $5,650,000
Bathrooms 0.00
Square Footage 7,600
Acres 0.06
Year Built 2019
Type Multi-Family
Sub-Type Other, Other
Style Other
Status Active

Community Information

Address 3718 Haverford Ave
Area 19104
City PHILADELPHIA
County PHILADELPHIA-PA
State PA
Municipality PHILADELPHIA
Zip Code 19104

Amenities

Is Waterfront No

Interior

Heating 90% Forced Air, Central
Cooling Central A/C
Has Basement Yes
Basement Fully Finished
Fireplace No

School Information

District THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information

Date Listed September 13th, 2024
Days on Market 53
Zoning RM1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass RE
Contact Info(267) 435-8015

Listing Map

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