3817 Wallace Street

FULL OCCUPIED/ 100% OCCUPIED 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 1680/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 $7080 Projected Gross Annual Income: Approximately $84,960 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.