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517 N 35TH STREET

PHILADELPHIA, PA 19104

MLS#: PAPH2657450

$600,000

Status: Active
Listing number: PAPH2657450
Listing provided by: Loonstyn Brothers Realty LLC
Listing agent phone: None
Last update: 13 days ago
On site: 14 days ago
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Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1930

Sq.Footage

2,364

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.

Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2364.0

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.02

  • Lot Size(square feet)

    963

  • Property Type

    Residential Income

  • Property Sub Type

    Townhouse

  • Architectural Style

    Other

Price

  • Sales Price

    $600,000

  • Tax Amount

    $8,629

  • Sq. Footage

    2,364

  • Price/SqFt

    $253

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Other

  • Sewer

    Public Sewer

  • Tax Lot

    133

  • Water Source

    Public

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Listing Courtesy of Joseph M. Loonstyn Jr. , Loonstyn Brothers Realty LLC

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Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

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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.

517 N 35TH STREET

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