PA > Philadelphia > Graduate Hospital
Philadelphia, PA 19146,2311 CHRISTIAN ST
Philadelphia, PA 19146,2311 CHRISTIAN ST
Philadelphia, PA 19146,2311 CHRISTIAN ST
Philadelphia, PA 19146,2311 CHRISTIAN ST
Philadelphia, PA 19146,2311 CHRISTIAN ST
Philadelphia, PA 19146,2311 CHRISTIAN ST
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David Burris

David Burris

+1(609) 304-4202
Listed by Richard B Moore • Best City Homes Inc
$ 750,000
Est. payment | /mo

1,872 SqFt

Save
$ 750,000
Est. payment | /mo
Save

1,872 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,872 sqft

Price per Sqft $400

Subdivision Graduate Hospital

MLS Listing ID PAPH2512928

Year Built 1900

Annual Tax Amount $6,383

Tax Year 2024

Lot Size 1,117 Sqft

Acres 0.03

Lot Dimensions 15.00 x 74.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning RM1

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s), Wall Unit

Flooring Engineered Wood, Ceramic Tile

Heat Source Natural Gas

Exterior

Water Access N

View Street

Roof Type Flat

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881111875

Ownership Fee Simple

SqFt Source Estimated

Security Features Fire Detection System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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agent
David Burris

Agent | License ID: 1973254

+1(609) 304-4202

513 S Lenola Rd, Moorestown, NJ, 08057, United States

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2311 CHRISTIAN ST

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