2311 Christian St, Philadelphia, PA 19146

$699,500

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List Price: $699,500
Days on Market: 57
Status: ACTIVE
MLS#: PAPH2648430
Lot Size (Acres): 0.03
Year Built: 1900
County: Philadelphia
School District: Philadelphia City

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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

(267) 538-0054

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