516 North 34Th Street Philadelphia, PA 19104

$1,250,000
0.04
Acres
4,731
SQFT
264
$/SQFT
$1,250,000
4,731   sf
$264 / sf
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Turnkey Student Housing Investment Near Drexel UniversityAn 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 apartmentsTotal of 12 bedrooms and 4 full bathroomsFully leased for the 2026–2027 Drexel school yearMonthly rental income: $7,700Additional water reimbursement income: $275/monthTotal gross monthly income: $7,975Modern renovations throughout all unitsCentral heating and air conditioningIn-unit washers and dryersHardwood floors and stainless steel appliancesStrong rental history in a high-demand student housing marketLocated 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.

Turnkey Student Housing Investment Near Drexel UniversityAn 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 apartmentsTotal of 12 bedrooms and 4 full bathroomsFully leased for the 2026–2027 Drexel school yearMonthly rental income: $7,700Additional water reimbursement income: $275/monthTotal gross monthly income: $7,975Modern renovations throughout all unitsCentral heating and air conditioningIn-unit washers and dryersHardwood floors and stainless steel appliancesStrong rental history in a high-demand student housing marketLocated 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.

  • Neighborhood
  • Type
  • County
    Philadelphia
  • Area
    19104
  • Tax Amount
    $22,914
  • Status
    Active
  • Listing #
    PAPH2642862
  • Built
    2016
  • Lot Size
    0.04
  • Listed on site
    13 days
  • Listing Agent Id
    1700004411134

Listed by:
RE/MAX Plus

Source:
BRIGHT MLS

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Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning
  • Gas Oven

Style

  • Traditional
  • End Unit
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