3817 Wallace St, Philadelphia, PA 19104

Description

3817 WALLACE STREET | PHILADELPHIA, PA
19104
Projected Gross Income of Approximately $82,800 Annually | Built
in 2020 | Approximately 5 Years Remaining on Philadelphia's
10-Year Tax Abatement
University City 4-Unit Investment Property
3817 Wallace Street presents a newer-construction four-unit multifamily investment opportunity in
Philadelphia's University City neighborhood. Built in 2020 and totaling approximately 4,021 square
feet, the property offers a combination of in-place income, modern construction, and remaining
tax-abatement benefits.
Current Rent Roll
Unit 1 – 2 Bed / 2 Bath – Being shown – Estimated $1,500/month
Unit 2 – 2 Bed / 2 Bath – Leased – $1,700/month
Unit 3 – 3 Bed / 2 Bath – Leased – $1,600/month
Unit 4 – 3 Bed / 2 Bath with Private Rooftop Terrace – Leased – $2,100/month
Projected Gross Monthly Income: Approximately $6,900
Projected Gross Annual Income: Approximately $82,800
Property Highlights
• Built in 2020
• Four residential units
• Approximately 4,021 square feet
• Two 2-bedroom / 2-bathroom units
• Two 3-bedroom / 2-bathroom units
• Private rooftop terrace for Unit 4
• Contemporary kitchens and finishes
• Quartz countertops
• Stainless steel appliances
• Energy-efficient systems
• Lower-maintenance newer construction
• Three units currently leased
• Approximately five years remaining on Philadelphia's 10-Year Tax Abatement
Location
Near University of Pennsylvania, Drexel University, CHOP, Penn Presbyterian Medical Center, 30th
Street Station, public transportation, and Center City employment centers.
Investment Summary
3817 Wallace Street offers investors a newer-construction multifamily asset with current rental
income, one remaining lease-up opportunity, and meaningful remaining tax-abatement benefits.