3501 Haverford AvePhiladelphia, PA 19104

For Sale
$1,600,000

Seven-unit building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional seven-unit apartment building presents a compelling investment opportunity in Philadelphia's vibrant University City neighborhood. Located at 3501 Haverford Avenue, this 1,931 square foot property boasts a diverse unit mix, including two spacious four-bedroom, four-bathroom units, perfectly suited for student housing; two two-bedroom, two-bathroom units; one one-bedroom, one-bathroom unit; and a studio apartment. Adding to its versatility, a substantial 1,600 square foot commercial space occupies the first floor, complete with a basement area, offering significant income potential. Each residential unit features en-suite bathrooms, a highly desirable amenity for renters. Constructed in 2017, the building benefits from seven years remaining on its tax abatement, providing considerable financial advantages. The asking price is $1,600,000, translating to approximately $228,571 per unit and $828.59 per square foot. This turnkey property offers immediate income generation and strong potential for long-term appreciation in a sought-after location. The property is situated in Philadelphia, Pennsylvania, zip code 19104.

Highlights

  • $1,600,000 asking price for a 7-unit apartment building.
  • Multifamily property with 1,931 square feet.
  • $828.59 price per square foot.
  • Seven units, averaging $228,571 per unit.
  • Built in 2017.
  • Located at 3501 Haverford Ave, Philadelphia, PA 19104.

Property Details for 3501 Haverford Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
1,931 SF
Year Built
2017
Units
7

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9641026
Longitude
-75.1933011
3501 Haverford Ave, Philadelphia, Pennsylvania

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3501 Haverford Ave
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