Investments Sales Management

2311 CHRISTIAN STREET

PHILADELPHIA , PA 19146

MLS#: PAPH2512928

$750,000

Status: Active
Listing number: PAPH2512928
Listing provided by: Best City Homes Inc
Listing agent phone: None
Last update: 16 days ago
Browse Properties
GRADUATE HOSPITAL - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

N/A

Outstanding Investment Opportunity with a current cap rate of 6.7% – 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 turn key investment opportunity for $750,000. 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 currently rents are below market, current gross income is $65,340 all tenants pay on time every month like clockwork and all utilities are separated expect 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

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Wall Unit(s), Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Radiant

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Street

Area & Lot

  • Lot Size(acres)

    0.03

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $750,000

  • Tax Amount

    6383.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Stone

  • Sewer

    Public Sewer

  • Tax Lot

    393

  • Water Source

    Public

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Location

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PHILADELPHIA

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Listing Courtesy of Richard B Moore , Best City Homes Inc

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Outstanding Investment Opportunity with a current cap rate of 6.7% – 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 turn key investment opportunity for $750,000. 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 currently rents are below market, current gross income is $65,340 all tenants pay on time every month like clockwork and all utilities are separated expect 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

2311 CHRISTIAN STREET

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