2311 CHRISTIAN ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19146
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 $424
MLS Listing ID PAPH2460718
Year Built 1900
Annual Tax Amount $6,383
Tax Year 2024
Lot Size 1,117 Sqft
Property Sub-Type Five Or More Units
Property Description
Outstanding Investment Opportunity – 5-Unit Apartment Building in Graduate Hospital
Explore a remarkable investment in the highly sought-after Graduate Hospital neighborhood in Philadelphia. This 5-unit apartment building boasts a respectable 6.31% Cap Rate, 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 which are currently below market. 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.
Current Cap rate 6.31%
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
Exterior
Water Access N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard