712 S 15th St

Philadelphia, PA 19146

Here's your next investment property in one of the most desirable neighborhoods in all of Philadelphia- Graduate Hospital! You're looking at a six-unit zoned, value-add, multi-family building that consists of three (3) studio units (one occupied, two vacant) and one (1) owner's unit which has one bedroom and a full & half bathroom. With some TLC to each unit, the future owner could pull in $1,000-1,100/month on each of the studio units and about $1,500/1,600/month for the owner's unit. There's two (2) car parking in the rear, which could also serve as additional income by charging $250/month per spot. After your cosmetic renovations and rent bumps, you're looking at a 7% pro-forma cap rate, which is getting increasingly more difficult to find amongst investment properties all across the city. This is the ONLY available multi-family property in all of Graduate Hospital right now. Take advantage of this value-add opportunity in an incredible location, just one block off of South Broad Street, two blocks away from South Street, and walking distance to Center City, Rittenhouse Square and the bustling commercial corridor of Washington Avenue!