$ 699,500
-
$699,500
Price -
0
Bed -
0
Bath -
1,875
SqFt
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About the Listing BESTCTY - 3150220,3150220
Outstanding Investment Opportunity with a current cap rate of 7.15 – 5-Unit Apartment Building located in Graduate Hospital. This is a neighborhood where buildings of this size in shell condition go for over $600,00 and you can buy a turnkey investment opportunity for $699,500. This is a building has a stable tenant base with long-term residents, ensuring a consistent and dependable rental income stream, while also offering potential for increased value through higher rents. The current rents are below market; current gross income is $65,200 all tenants pay on time every month like clockwork and all utilities are separated except cold water. Situated on a desirable Christian Street near restaurants, parks, and public transportation, the property provides exceptional walkability and convenience for tenants. A superb asset for any investment portfolio, this building offers immediate income as well as strong potential for future appreciation. Graduate Hospital neighborhood ratings: • Walk Score: 95 (Walker’s Paradise – daily errands can be accomplished without a car) • Transit Score: 85 (Excellent Transit – public transportation is convenient for most trips) • Bike Score: 94 (Biker’s Paradise – daily errands can be easily completed on a bike) These impressive scores make the area highly attractive to both renters and investors
Listing Highlights
Status
Active
Days on Site
19
Property Type
Commercial Sale
MLS ®
PAPH2648430
Year Built
1900
Total Square Footage
1,875
Lot/Acreage
0.03
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s),Wall Unit
- Heating: Radiator
- Fireplaces:
- Floor: Engineered Wood,Ceramic Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 15.00 x 74.00
- Zoning: RM1
- Roof: Flat
- Others: Average
- Sewer: Public Sewer
Financial Details
- Tax Amount: $6,383
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
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% Down Payment
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Questions About..
2311 Christian St Philadelphia, PA 19146
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