$ 825,000
-
$825,000
Price -
0
Bed -
0
Bath -
2,064
SqFt
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About the Listing 55911 - 3319656
Rare opportunity to acquire a fully leased, renovated 5-unit multifamily property in Philadelphia’s desirable Graduate Hospital neighborhood. This 3-story, approximately 2,064 SF building consists of five studio apartments and underwent significant renovations in 2021. The property is zoned RM-1 and offers investors a stabilized, turnkey asset in a highly walkable Center City-adjacent location with convenient access to Rittenhouse Square, major employment centers, hospitals, universities, public transportation, dining, shopping and neighborhood amenities. The current rent roll totals approximately $6,325 per month / $75,900 annually, with all five apartments currently leased through August 31, 2027, providing immediate in-place cash flow and limited near-term leasing exposure. Based on the latest operating statement, annual operating expenses are approximately $20,357, resulting in an indicated NOI of approximately $55,543. At the $825,000 asking price, this represents an approximately 6.73% going-in cap rate. An attractive opportunity for an investor seeking a manageable multifamily asset with renovated units, established income and long-term appreciation potential in one of Philadelphia’s most sought-after residential rental markets. Buyer to independently verify all property information, zoning, leases, expenses and financial data.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
PAPH2670416
Year Built
1915
Total Square Footage
2,064
Lot/Acreage
0.02
County
Philadelphia
Neighborhood
Graduate Hospital
Area
19146 (19146)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2064
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 16.00 x 67.00
- Zoning: RM1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street
Financial Details
- Tax Amount: $6,796
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1725 Bainbridge St Philadelphia, PA 19146
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