2311 Christian Street

Description

Outstanding Investment Opportunity with a current cap rate of 7.18 " 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 $65,340 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 (Walkers Paradise " daily errands can be accomplished without a car) Transit Score: 85 (Excellent Transit " public transportation is convenient for most trips) Bike Score: 94 (Bikers Paradise " daily errands can be easily completed on a bike) These impressive scores make the area highly attractive to both renters and investors