517 N 35TH ST Philadelphia, PA 19104
2,364 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,364 sqft
Price per Sqft $253
MLS Listing ID PAPH2657450
Style Other
Abv Grd Liv Area 2,364
Year Built 1930
Annual Tax Amount $8,629
Tax Year 2026
Lot Size 963 Sqft
Acres 0.02
Lot Dimensions 18.00 x 55.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 2364
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 242159900
Ownership Fee Simple
SqFt Source 2364
Special Listing Condition Standard
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