517 N 35th St,PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
Description
Income-Producing Investment Opportunity in Powelton Village - Loonstyn Brothers Realty LLC is pleased to present 517 N. 35th Street, an investment property located in the heart of Powelton Village, one of Philadelphia's strongest and most sought-after rental markets. The property is currently configured and operated with eight occupied studio-style units, each featuring a private kitchenette and bathroom, creating an efficient layout that has consistently attracted students, young professionals, and medical employees in the surrounding University City area. The property currently generates approximately $72,000 in annual gross rental income and offers investors immediate cash flow with additional upside through mark-to-market rents as units naturally turn over. The current layout consists of two studio-style units on the first floor, three on the second floor, and three on the third floor, providing an efficient and easily managed configuration. Tenants are responsible for their own electric and internet service, while ownership pays for water and common area electric. Ideally located just minutes from Drexel University, the University of Pennsylvania, Penn Medicine, CHOP, public transportation, neighborhood retail, restaurants, and major employment centers, the property benefits from one of Philadelphia's most resilient rental markets with strong long-term housing demand. Prospective purchasers are encouraged to conduct their own independent due diligence regarding zoning, licensing, certificates of occupancy, permitted uses, and all other municipal requirements.
Details
| MLS # | PAPH2657450 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1930 |
| Days On Site | 89 |
| Listing Provided By | Loonstyn Brothers Realty LLC | Joseph M. Loonstyn Jr. |
Features
| SQ Feet | 2,364 |
|---|---|
| Units | 3 |
| Zoning | CMX1 |
| Acreage | 0.02 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 8629 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19104) | |
Price: $529,000 low | high Med: $3,655 sqft: 2,364 low | high Med: 1,736 $ / sqft: $224 low | high Med: $3 On site: 89 low | high Med: 107 | |
Market Activity 19104
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19104) | |
Price: $529,000 low | high Med: $3,655 sqft: 2,364 low | high Med: 1,736 $ / sqft: $224 low | high Med: $3 On site: 89 low | high Med: 107 | |
