3718 Haverford Ave
Philadelphia, PA 19104
-- Bed-- Bath7,600 Sq Ft7 Days on Market
For Sale $5,650,000
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Courtesy of Compass Pennsylvania, LLC
Listing Agent & Comments
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 $505,000 in annual rental income, this investment boasts a 7% 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.
MLS# PAPH2394864 • Data provided by BRIGHTMLS
| Living Area | 7,600 Sq.Ft. |
|---|---|
| Lot Size | 2,500 Sq.Ft. |
| Total Rooms | -- |
| Bedrooms | -- |
| Bathrooms | -- |
| Stories | 3 |
| Year Built | 2019 |
| Property Type | Multi Family |
| Zoning | RM1 |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2023 |
| Tax Amount | $1,867 |
| Property in Flood Zone | -- |
Data provided by BRIGHTMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,394,677
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and sale history
New
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HouseCanary, Inc. Brokerage
3718 Haverford Ave., Philadelphia, PA 19104
Multi Family-- Bed-- Bath7,600 Sq Ft7 Days on Market
Listing Agent & Comments
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 $505,000 in annual rental income, this investment boasts a 7% 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.
MLS# PAPH2394864 • Data provided by BRIGHTMLS
| Living Area | 7,600 Sq.Ft. |
|---|---|
| Lot Size | 2,500 Sq.Ft. |
| Total Rooms | -- |
| Bedrooms | -- |
| Bathrooms | -- |
| Stories | 3 |
| Year Built | 2019 |
| Property Type | Multi Family |
| Zoning | RM1 |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2023 |
| Tax Amount | $1,867 |
| Property in Flood Zone | -- |
Data provided by BRIGHTMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $5,650,000
Request tour
Save
Courtesy of Compass Pennsylvania, LLC
3718 Haverford Ave
Philadelphia, PA 19104
-- Bed-- Bath7,600 Sq Ft7 Days on Market
Listing Agent & Comments
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 $505,000 in annual rental income, this investment boasts a 7% 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.
MLS# PAPH2394864 • Data provided by BRIGHTMLS
| Living Area | 7,600 Sq.Ft. |
|---|---|
| Lot Size | 2,500 Sq.Ft. |
| Total Rooms | -- |
| Bedrooms | -- |
| Bathrooms | -- |
| Stories | 3 |
| Year Built | 2019 |
| Property Type | Multi Family |
| Zoning | RM1 |
| HOA Name | -- |
| HOA Fee | -- |
| HOA Includes | -- |
| Tax Year | 2023 |
| Tax Amount | $1,867 |
| Property in Flood Zone | -- |
Data provided by BRIGHTMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,394,677
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $5,650,000
Request tour
Save
Courtesy of Compass Pennsylvania, LLC