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3401 Wallace St
Philadelphia, PA 19104 Mantua

$4,499,000 USD

Apartments For Sale  •  15,950 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,950 SF
  • Lot Size 0.04 AC
  • Building Class B
  • Year Built 2021
  • Cap Rate 6.28 %
  • Zoning RSA5
90 Transit Score
80 Walk Score

Highlights

Assumable loan of $3.1M at 3.8% Until 2031
8 years left in full tax abatement with taxes at $2,600 annually only.
100% leased, Turnkey, Newer construction with low maintenance
University city and Drexel university housing
Full management in place already with 1st year for free
Cap Rate: 6.28 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Heating
  • Smoke Free
  • Kitchen
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.3 mi
Philadelphia 30th Street (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit)) 5 min - 1.4 mi
Transit/SubwayDriveWalkDistance
Lancaster Ave & 36th St (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 12 min 0.6 mi
Lancaster Avenue and 38th Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 12 min 0.6 mi
Lancaster Avenue and Spring Garden Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 13 min 0.6 mi
AirportDriveWalkDistance
Philadelphia International 22 min - 9.9 mi
Trenton Mercer 53 min - 35.3 mi
Reda Akbil 267-205-1369 Compass Commercial
Reda Akbil 267-205-1369 Compass Commercial