MLS#PAPH2648430
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLPHILADELPHIA CITY
Property Description
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
Property Features
Property Type: Commercial -
Cooling: Window Unit(s), Wall Unit
Fuel Type: Natural Gas
Heating: Radiator
Lot Size: 0.03 Acres
Roof Type: Flat
Taxes: $6,383
Year Built: 1900
Feature Descriptions
Electric: 200+ Amp Service
Exterior: Masonry
Flooring: Engineered Wood, Ceramic Tile
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Special View Info: Street
Total Garage/Parking Spaces: 0
Units: 5
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Best City Homes Inc
Agency Phone: 2155451144
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
2311 Christian Street | MLS# PAPH2648430
This commercial property located at 2311 Christian Street , Philadelphia, PA 19146 is currently listed for sale with an asking price of $699,500. Christian Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.