3606 Powelton Ave is a 6-unit apartment building offered in Philadelphia's premier academic rental corridor, situated directly in Powelton Village steps from Drexel University's main campus. Built in 1920 and carrying roughly 3,150 square feet of improvement area on a 3,000-square-foot lot with 25 feet of frontage, the property reflects… Read More the classic three-story Powelton Village building stock that has anchored this submarket for over a century. The building has operated continuously as licensed rental housing, and comes with current sprinkler and fire alarm certifications in place, giving a buyer confidence in the asset's life-safety compliance from day one. For an investor seeking a stabilized, income-producing asset in a submarket where replacement supply is constrained, 3606 Powelton Ave offers a straightforward opportunity to acquire a fully-tenantable, institutionally-maintained 6-unit building in one of University City's most in-demand rental pockets. Contact us for the rent roll, financials, and showing availability. Read Less
Courtesy of Thomas S Dilsheimer, Compass Pennsylvania, LLC 610-822-3356
Listing Snapshot
Days Online
57
Last Updated
Property Type
Commercial
Square Ft.
3,150
Lot Size
0.07 Acres
Year Built
1920
MLS Number
PAPH2638334
Additional Details
Building
Built in 1920, Construction Materials: Masonry, Stone
Cooling
None
Accessibility Features
None
Expenses
Operating: $57,279
Floors
Hardwood
Foundation
Stone
Heating
Radiator
Income
Gross Income: $67,445, Net Operating Income: $10,166, Apartment Rentals, Laundry
Lot
0.07 acres, Dimensions: 25.00 x 120.00
Roof
Flat, Slate
Sewer
Public Sewer
Taxes
Lot: 118, Year: 2025, Zoning: RTA1
Utilities
Water Source: Public
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