Description
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 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.
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Description
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 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.
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