WELCOME HOME! Located in a rapidly developing and up-and-coming neighborhood, 1860 N 23rd St offers a fantastic opportunity to own a spacious and stylish home just minutes from Center City. This beautifully renovated 5-bedroom, 3-bathroom property boasts approximately 2,400 sq ft of modern living space. Inside, you’ll find a bright and open living room, a dining area perfect for entertaining, a tiled kitchen with quartz countertops and brand-new stainless steel appliances, a convenient laundry area just off the kitchen, and Central AC for year-round comfort. The private backyard is perfect for outdoor gatherings. Upstairs, enjoy five generously sized bedrooms and two full bathrooms, including a luxurious master suite with a soaking tub.
From an investment perspective, this property is extremely attractive:
Monthly Rent Potential: $2,200 – $2,500
Annual Gross Rent: $26,400 – $30,000
Net Operating Income (NOI): $26,400 – $30,000
Cap Rate: 8.8% – 10%
Gross Rent Multiple (GRM): 11.36 – 9.99
You’ll also be surrounded by some of Philadelphia’s most popular attractions, including dining favorites like Barbuzzo, Bad Brother, and The Love; nightlife hot spots such as Midnight & The Wicked, Raven Lounge, and The Ranstead Room; and exciting local events like the annual Philly Fest at the nearby 23rd Street Armory. With culture, food, and entertainment just minutes away, this location is full of potential.
Don’t miss your chance to be part of this thriving community—schedule your private showing today!
Interior Features: Air Filter System, Bathroom - Walk-In Shower, Bathroom - Stall Shower, Breakfast Area, Carpet, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Upgraded Countertops
Measurements
Living Area: 2,130
Living Area Source: Assessor
Rooms
Basement: Fully Finished, Full, Improved, Space For Rooms, Other
Has Basement: Yes
Bathrooms Full: 2
Bathrooms Half: 1
Bathrooms Total Integer: 3
Bedrooms Total: 5
Main Level Bedrooms: 5
Other
Features
Accessibility Features: Level Entry - Main, Other
General
Senior Community: No
Location
Subdivision Name: STANTON
Tax Lot: 297
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Central A/C
Heating: Forced Air
Has Heating: Yes
Sewer: Public Septic
Water Source: Public
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