$ 1,250,000
-
$1,250,000
Price -
12
Bed -
0
Bath -
4,731
SqFt
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About the Listing 55821 - 3381973
Turnkey Student Housing Investment Near Drexel University An exceptional opportunity to acquire a fully renovated, cash-flowing student housing property in the heart of Drexel University. This turnkey investment consists of four fully leased apartments, each featuring 3 spacious bedrooms and 1 full bathroom, for a total of 12 bedrooms and 4 bathrooms. Every unit has been thoughtfully renovated with modern finishes, including hardwood flooring, stainless steel appliances, central heating and air conditioning, in-unit washers and dryers, and built-in microwaves. The oversized bedrooms and functional layouts make the property highly desirable among Drexel students, contributing to consistent occupancy and strong rental demand. The property is 100% leased for the 2026–2027 Drexel academic year, providing immediate, stable cash flow from day one. Investment Highlights: Four renovated 3-bedroom, 1-bath apartments Total of 12 bedrooms and 4 full bathrooms Fully leased for the 2026–2027 Drexel school year Monthly rental income: $7,700 Additional water reimbursement income: $275/month Total gross monthly income: $7,975 Modern renovations throughout all units Central heating and air conditioning In-unit washers and dryers Hardwood floors and stainless steel appliances Strong rental history in a high-demand student housing market Located just minutes from Drexel University, the University of Pennsylvania, public transportation, hospitals, restaurants, and Center City Philadelphia, this property offers an outstanding combination of reliable income, strong tenant demand, and long-term appreciation potential. Whether you're expanding an existing portfolio or acquiring your first student housing asset, this fully stabilized property presents an outstanding investment opportunity with immediate cash flow and minimal management concerns.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
PAPH2642862
Year Built
2016
Total Square Footage
4,731
Lot/Acreage
0.04
Interior Details
- Bedrooms: 12
- Bathrooms: 0 Full
- Appliances: Dryer, Oven/Range - Gas, Refrigerator, Washer, Dishwasher, Microwave
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4731
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 19.00 x 91.00
- Zoning: RM1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $22,914
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
516 N 34th St Philadelphia, PA 19104
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