Unusual Graduate Hospital Listing: 31 Home Package
Unusual Graduate Hospital Listing: 31 Home Package
Unusual Graduate Hospital Listing: 31 Home Package
This one definitely goes right into the unusual listings category. Friend of the CenterCityTeam Jim Onesti of Mike McCann Team notoriety recently listed a Graduate Hospital portfolio that consists of 31 single family and multifamily homes for a whopping $8 million dollars! Everyone in the Philadelphia real estate community knows the Graduate Hospital continues to be one of the hottest neighborhoods in Center City and apparently the high demand for homes in GHo was not lost on this seller who hopes to strike while the iron is hot.
Here’s the description from the MLS:
31 property Graduate Hospital Package! Once in a life time opportunity to purchase 31 properties in the hottest neighborhood in the city…all 31 are located on PRIME BLOCKS including: Cathrine, St Albans, Pemberton and may others! Properties are 100% tenant occupied and gross monthly rental income is $44k – Great opportunity to add value and sell at a 30% to 50% profit! OR add a third story to some, leave as a two story or keep as a rental portfolio…THE POSSIBILITES ARE ENDLESS! All properties are in great condition. Most have hardwood floors and modern kitchens and baths. Pre-approval/Proof of funds and buyer name required prior to any showings.
The gross annual income is $528,000 which could conceivably justify the asking price if the expenses are low. We’ll have to wait and see if some lucky buyer comes and snatches this up.
Here’s a list of some of the addresses in the portfolio:
6XX S 20th (2)
7XX S 21st
7XX S 22nd
7XX S 23rd
22XX Carpenter St
20XX Catharine (2)
22XX Catharine
7XX S Cleveland
10XX S Cleveland
10XX S Dorrance
20XX Fitzwater
20XX Montrose
22XX Pemberton
23XX Madison Sq (2)
21XX St Albans
22XX St Albans (2)
18XX Webster (3)
19XX Webster (4)
20XX Webster
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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
CenterCityTeam.com: Philadelphia Real Estate
