2 months on rocket

3718 Haverford Ave, Philadelphia, PA, 19104

$5,650,000

0 Baths
7,600 SqFt
$743/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ParkingNone
Year BuiltNew Const., 2019
HeatingForced Air, Central
CoolingCentral Air
BasementYes
MLS #PAPH2394864
Lot Size0.06 Acres
StatusActive
(ACTIVE)

About 3718 Haverford Ave

We are pleased to present a turnkey, fully leased investment opportunity in the highly desirable University City/Drexel and Mantua section of Philadelphia. This purpose-built student housing portfolio includes three properties located at 3716-18-20 Haverford Ave. The portfolio comprises 18 units with a total of 56 bedrooms and bathrooms, offering a diverse mix of 2, 3, and 4-bedroom units. Currently generating approximately $512,000 in annual rental income, this investment boasts a 7.15% cap rate. These properties primarily attract students from Drexel University and the University of Pennsylvania, as well as medical staff and young professionals. Constructed just 5 years ago, the buildings are modern and up-to-date, with 5 years remaining on their property tax abatement. The generously sized units feature high-end finishes, including a 1 bed to 1 bath ratio and premium kitchen and bathroom fixtures. These attributes make the properties highly competitive compared to nearby student housing options, ensuring they remain easy to rent for years to come. Additional amenities include in-unit laundry, video surveillance entrances, sprinklered fire systems, high ceilings, large closets, luxury vinyl flooring, quartz countertops with stainless steel appliances, rooftop decks with skyline views, outdoor backyards, and more. This University City Student Housing Portfolio represents a tremendous opportunity to acquire strong-performing, never-vacant, and low-maintenance assets in a well-known, walkable, and bike-friendly neighborhood experiencing significant growth and expansion with major projects underway featuring over 33 million square feet of lab, residential, institutional, office, and public space in the pipeline at major developments like uCity Square and Schuylkill Yards, plus individual projects throughout the district.(ask me for more details on this). Conveniently located within walking distance to world-class universities, medical facilities, 30th Street Station, and the Art Museum, these properties also offer easy access to local highways.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 2019
  • Living Area: 7,600 SqFt

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Reda B Akbil

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: haverford ave

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,650,000
  • Price Per SqFt: $743/SqFt

Tax Information:

  • Annual Amount: $1,403
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

3718 Haverford Ave vs Philadelphia

65 DAYS ON ROCKET

+21 Days

$5,650,000

+$5.3M More

$743/SqFt

+$544 More

KEY TAKEAWAY

This property is $5.3M more than the Median Sold Price and $544/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2394864

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Reda B Akbil

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,403 -
2019$355$25,400
2018$356$25,400
2017 - $25,400

History based on county public records data.

Payment Calculator

$28.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$17K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-755310
5
/10

  • Samuel Powel Elementary School

  • 301 N 36th St

  • 0.28 miles

  • Public District Grades KG-4

school-card-donut-755311
3
/10

  • Inquiry Charter School

  • 1301 Belmont Ave

  • 1.13 miles

  • Public Charter Grades PK-5

school-card-donut-755312
1
/10

  • Richard R. Wright Elementary School

  • 2700 W Dauphin St

  • 2.09 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,621. Most Philadelphia, PA residents have annual incomes less than $35k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3718 Haverford Ave

What is the listing price of this property?

The listing price of 3718 Haverford Ave property is $5,650,000.

What type of property is this?

The property 3718 Haverford Ave is a house located in Philadelphia, Pennsylvania, 19104.

Is this property for sale now?

Active Listing: 3718 Haverford Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,403 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 3718 Haverford Ave is 7,600 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3718 Haverford Ave is 2019.
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Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19104›3718 Haverford Ave

This home is located at 3718 Haverford Ave in Philadelphia, PA and zip code 19104 in the Mantua neighborhood. This 7,600 square foot home, which was built in 2019, sits on a 0.06 acre lot. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $5,650,000.

Philadelphia, PA housing market in October 2024 saw over 252 listings sold above listed price, more than 237 sold at listed price and over 567 sold below. The number of listings in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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