$5,500,000
$5,850,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
14,850 SqFt
SOLD DATE : 04/22/2022
Key Details
Sold Price $5,500,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 14,850 sqft
Price per Sqft $370
Subdivision Powelton Village
MLS Listing ID PAPH2055074
Sold Date 04/22/22
Originating Board BRIGHT
Year Built 2014
Annual Tax Amount $3,957
Tax Year 2022
Lot Size 9,450 Sqft
Acres 0.22
Lot Dimensions 94.50 x 100.00
Property Description
The property at 528-540 North 34th consists of (15) three-bedroom units which have been renovated with high-end modern finishes. Each units features newly-renovated kitchens and baths, stainless steel appliances, and shaker style cabinets. 33% of the apartments have two-bathrooms while 67% have three-bathrooms. Currently, the property is 100% occupied.
528-540 North 34th Street offers a highly strategic location in the Powelton Village area of University City. In general, the University City section of Philadelphia has become one of the fastest growing submarkets in all of Philadelphia. Over $3.5 billion of new or recently completed real estate projects have transformed this area into a hub of Eds and Meds. University City attracts undergraduate and graduate students as well as young professionals and families. The area is highly desirable given its walkability to the numerous universities and medical facilities as well as the cafes, restaurants, and shops.
This property offers potential buyers the opportunity to acquire 15 newly-renovated apartments with excellent bed/bath parity in the heart of University City Philadelphia.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX2
Interior
Hot Water Other
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 10.0
Utilities Available Cable TV Available, Electric Available, Phone Available
Waterfront N
Water Access N
Roof Type Flat,Rubber
Accessibility 2+ Access Exits
Parking Type Private Garage
Total Parking Spaces 10
Garage N
Building
Lot Description Private
Foundation Block
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881812350
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Linda Cheng • Premium Realty Group Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "