High-Floor Residential Income
For Sale
$460,500
717 S CHRIS COLUMBUS BOULEVARD Unit 1509, Philadelphia, PA 19147
Planned interior updates include hardwood flooring, stainless-steel appliances, new bedroom carpet, and fresh paint.
Property Size1,304 SF
Price / SF$353.14
Days on Market131
Property Features for 717 S CHRIS COLUMBUS BOULEVARD Unit 1509
General Information
Standard status
Active
Size
1,304 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Bella Vista
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$6,920
Amenities
concierge
health and fitness facility
heated indoor swimming pool
hot tub
community/entertainment room
party kitchen
big screen TV
surround sound system
expansive terrace
Building Details
Building Size
1,304 SF
Year Built
1995
Listing Agency:
DePaul Realty
Listed By:
Michael Tyrrell · License #RM421699
(267) 464-0040
Source:
Wagnerrealestate
Added: Jun 27
Changed: Nov 2
Last Checked: Nov 4 at 9:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DePaul Realty
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Investment Insights
Based on property information with market context.
Unit 1509 is a 1,304-square-foot residence on the 15th floor, with a south-facing orientation and water views. Planned updates include hardwood floors, stainless-steel appliances, carpet in both bedrooms and closets, and fresh paint. The building dates to 1995 and features large windows, designer kitchens, and high-speed internet wiring. Photos and virtual tours depict models or comparable layouts, not this specific unit; finishes may differ.
Residents have access to a fitness facility, heated indoor pool and hot tub, an entertainment room with party kitchen and media equipment, and an outdoor terrace. The property also offers a staffed lobby with 24-hour concierge service and three levels of indoor, security-gated parking, with one reserved space for each resident. Showings are by appointment only.
Residents have access to a fitness facility, heated indoor pool and hot tub, an entertainment room with party kitchen and media equipment, and an outdoor terrace. The property also offers a staffed lobby with 24-hour concierge service and three levels of indoor, security-gated parking, with one reserved space for each resident. Showings are by appointment only.
Key Highlights
- 1,304‑square‑foot unit on the 15th floor
- South‑facing orientation with water views
- Planned hardwood floors, stainless‑steel appliances, new carpet in both bedrooms and closets, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,511
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,220
$410.2K
Cap Rate 7%
$293,014
$293.0K
Cap Rate 9%
$227,900
$227.9K
Market Conditions
NOI Build-Up for 1,304 SF
Gross rent
$39.6K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$37.3K $28.60/SF
− OpEx
−$16.8K −$12.87/SF
NOI
$20.5K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,220
Cap Rate 7%
$293,014
Cap Rate 9%
$227,900
Alternative Uses
Best Use
Apartment 5plus
$293.0K
$256.4K – $341.9K
NOI $20,511 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$317.9K
$278.2K – $370.9K
NOI $22,253 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,558
Businesses Nearby
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Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Planned interior updates include hardwood flooring, stainless-steel appliances, new bedroom carpet, and fresh paint.
Where is this residential income property located?
The property is located at 717 S CHRIS COLUMBUS BOULEVARD Unit 1509 Philadelphia, PA.
What is the asking price?
The asking price for this property is $460,500.
What are key features of this property?
This property features: 1,304‑square‑foot unit on the 15th floor; South‑facing orientation with water views; Planned hardwood floors, stainless‑steel appliances, new carpet in both bedrooms and closets, and fresh paint
