CHARIS REALTY GROUP

Colonial

4219 FILBERT STREET 21

PHILADELPHIA, PA 19104

MLS#: PAPH2684244

$1,195,000

Status: Active
Listing number: PAPH2684244
Listing provided by: Main Line Executive Realty
Listing agent phone: None
Last update: 11 days ago
On site: 11 days ago
Browse Properties
UNIVERSITY CITY - Residential Income

Property

Beds

10

Full Baths

None

1/2 Baths

None

Year Built

2020

Sq.Footage

4,086

We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City section of Philadelphia on a cul de sac street. This purpose-built young professional housing building comprises 4 units with a total of 10 bedrooms and 10 bathrooms, offering a diverse mix of 2- and 3-bedroom units. Currently generating about $8,200 in monthly rental income with low expenses and maintenance, this investment boasts a 6.8% cap rate. This property has always been 100% leased with 0% vacancy and is leased until the end of the school year 2027. This property has primarily attracted grad students from both Drexel and UPenn, medical staff and young professionals working in the local hospitals. Constructed just 6 years ago, the building has been impeccably maintained, everything is up to date, with 4 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 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, roof deck and more. This investment represents a tremendous opportunity to acquire strong-performing, never-vacant, and low-maintenance asset 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 us 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. The Owner and Manager had built these units and maintained them to keep for many years.

Features & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4086.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick Veneer, Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Lot Size(square feet)

    1,597

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Colonial

Price

  • Sales Price

    $1,195,000

  • Tax Amount

    $2,729

  • Sq. Footage

    4,086

  • Price/SqFt

    $292

HOA

  • Association

    N/A

  • Total Monthly Fees

    true

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    135

  • Water Source

    Public

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Listing Courtesy of Kevin C. Murphy, Main Line Executive Realty

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Agent Elisesha Yingling

Salesperson, Realtor

Elisesha Yingling

Call Elisesha today to schedule a private showing.

(814) 505-6916

elisesha@charisrealty.com


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We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City section of Philadelphia on a cul de sac street. This purpose-built young professional housing building comprises 4 units with a total of 10 bedrooms and 10 bathrooms, offering a diverse mix of 2- and 3-bedroom units. Currently generating about $8,200 in monthly rental income with low expenses and maintenance, this investment boasts a 6.8% cap rate. This property has always been 100% leased with 0% vacancy and is leased until the end of the school year 2027. This property has primarily attracted grad students from both Drexel and UPenn, medical staff and young professionals working in the local hospitals. Constructed just 6 years ago, the building has been impeccably maintained, everything is up to date, with 4 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 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, roof deck and more. This investment represents a tremendous opportunity to acquire strong-performing, never-vacant, and low-maintenance asset 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 us 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. The Owner and Manager had built these units and maintained them to keep for many years.

4219 FILBERT STREET 21

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