About 516 N 34th St
Turnkey Student Housing Investment Near Drexel University
An exceptional opportunity to acquire a fully renovated, cash-flowing student housing property in the heart of Drexel University. This turnkey investment consists of four fully leased apartments, each featuring 3 spacious bedrooms and 1 full bathroom, for a total of 12 bedrooms and 4 bathrooms.
Every unit has been thoughtfully renovated with modern finishes, including hardwood flooring, stainless steel appliances, central heating and air conditioning, in-unit washers and dryers, and built-in microwaves. The oversized bedrooms and functional layouts make the property highly desirable among Drexel students, contributing to consistent occupancy and strong rental demand.
The property is 100% leased for the 2026–2027 Drexel academic year, providing immediate, stable cash flow from day one.
Investment Highlights:
Four renovated 3-bedroom, 1-bath apartments
Total of 12 bedrooms and 4 full bathrooms
Fully leased for the 2026–2027 Drexel school year
Monthly rental income: $7,700
Additional water reimbursement income: $275/month
Total gross monthly income: $7,975
Modern renovations throughout all units
Central heating and air conditioning
In-unit washers and dryers
Hardwood floors and stainless steel appliances
Strong rental history in a high-demand student housing market
Located just minutes from Drexel University, the University of Pennsylvania, public transportation, hospitals, restaurants, and Center City Philadelphia, this property offers an outstanding combination of reliable income, strong tenant demand, and long-term appreciation potential.
Whether you're expanding an existing portfolio or acquiring your first student housing asset, this fully stabilized property presents an outstanding investment opportunity with immediate cash flow and minimal management concerns.
