1725-00 Bainbridge St,PHILADELPHIA, PA 19146
PHILADELPHIA, PA 19146
Description
Rare opportunity to acquire a fully leased, renovated 5-unit multifamily property in Philadelphia's desirable Graduate Hospital neighborhood. This 3-story, approximately 2,064 SF building consists of five studio apartments and underwent significant renovations in 2021. The property is zoned RM-1 and offers investors a stabilized, turnkey asset in a highly walkable Center City-adjacent location with convenient access to Rittenhouse Square, major employment centers, hospitals, universities, public transportation, dining, shopping and neighborhood amenities. The current rent roll totals approximately $6,325 per month / $75,900 annually, with all five apartments currently leased through August 31, 2027, providing immediate in-place cash flow and limited near-term leasing exposure. Based on the latest operating statement, annual operating expenses are approximately $20,357, resulting in an indicated NOI of approximately $55,543. At the $825,000 asking price, this represents an approximately 6.73% going-in cap rate. An attractive opportunity for an investor seeking a manageable multifamily asset with renovated units, established income and long-term appreciation potential in one of Philadelphia's most sought-after residential rental markets. Buyer to independently verify all property information, zoning, leases, expenses and financial data.
Details
| MLS # | PAPH2670416 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1915 |
| Days On Site | 27 |
| Listing Provided By | KW Commercial | Nile Thompson |
Features
| SQ Feet | 2,064 |
|---|---|
| Units | 4 |
| Zoning | RM1 |
| Acreage | 0.02 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 6796 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19146 (19146) |
| Community Name | GRADUATE HOSPITAL |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in GRADUATE HOSPITAL) | |
Price: $825,000 low | high Med: $505,000 sqft: 2,064 low | high Med: 1,230 $ / sqft: $400 low | high Med: $430 On site: 27 low | high Med: 27.5 | |
Market Activity 19146
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19146 (19146) |
| Community Name | GRADUATE HOSPITAL |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in GRADUATE HOSPITAL) | |
Price: $825,000 low | high Med: $505,000 sqft: 2,064 low | high Med: 1,230 $ / sqft: $400 low | high Med: $430 On site: 27 low | high Med: 27.5 | |
