1725-00 BAINBRIDGE ST, Philadelphia, PA 19146
1725-00 BAINBRIDGE ST, Philadelphia, PA 19146
1725-00 BAINBRIDGE ST, Philadelphia, PA 19146
1725-00 BAINBRIDGE ST, Philadelphia, PA 19146
1725-00 BAINBRIDGE ST, Philadelphia, PA 19146
1725-00 BAINBRIDGE ST, Philadelphia, PA 19146
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Listed by Nile Thompson • KW Commercial
$ 825,000
Est. payment | /mo

2,064 SqFt


Save
$ 825,000
Est. payment | /mo
Save

2,064 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Pending

Purchase Type For Sale

Square Footage 2,064 sqft

Price per Sqft $399

Subdivision Graduate Hospital

MLS Listing ID PAPH2670416

Style Other

Abv Grd Liv Area 2,064

Year Built 1915

Annual Tax Amount $6,796

Tax Year 2026

Lot Size 1,072 Sqft

Acres 0.02

Lot Dimensions 16.00 x 67.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property 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.

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling None

Inclusions Include all furniture and it has a backyard

Heat Source Electric

Laundry Has Laundry

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Unit Features Garden 1 - 4 Floors

Foundation Other

Above Ground Finished SqFt 2064

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881111800

Ownership Fee Simple

SqFt Source 2064

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Chris Fuhrman

Your local Center City Philadelphia real estate agent.

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1725-00 BAINBRIDGE ST