River-View Residential Income
For Sale
$299,000
717 S CHRIS COLUMBUS BOULEVARD Unit 709, Philadelphia, PA 19147
The one-bedroom unit has a private balcony and access to covered parking, a fitness center, and indoor and outdoor amenities.
Property Size836 SF
Price / SF$357.66
Days on Market61
Property Features for 717 S CHRIS COLUMBUS BOULEVARD Unit 709
General Information
Standard status
Active
Size
836 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Bella Vista
Highway Access
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,232
Amenities
covered parking
private balcony
saltwater pool
fitness center
hot tub
outdoor terrace
community entertainment room
party kitchen
shuttle bus service
24-hour doorperson
Building Details
Building Size
836 SF
Year Built
1995
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Ashley Lauren Farnschlader · License #RS325962
(267) 496-8146
Source:
Desantis-realestate
Added: Sep 1
Changed: Oct 27
Last Checked: Oct 27 at 3:14AM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This 836-square-foot residential income property is a one-bedroom, one-bathroom condominium with a private balcony overlooking the Delaware River. Hardwood flooring runs through the living area, which connects to an open kitchen with a breakfast bar and stainless steel appliances. The bedroom includes a walk-in closet, and the unit has a stackable washer and dryer. The building dates to 1995.
Residents have access to a heated indoor saltwater pool, hot tub, fitness center, outdoor terrace, entertainment room with party kitchen, and shuttle service. The property also offers covered parking and a lobby staffed by a doorperson around the clock. The Delaware River Trail runs in front of the building, with Spruce Street Harbor Park and Cherry Street Pier nearby. I-95 provides access toward South Jersey.
Residents have access to a heated indoor saltwater pool, hot tub, fitness center, outdoor terrace, entertainment room with party kitchen, and shuttle service. The property also offers covered parking and a lobby staffed by a doorperson around the clock. The Delaware River Trail runs in front of the building, with Spruce Street Harbor Park and Cherry Street Pier nearby. I-95 provides access toward South Jersey.
Key Highlights
- 836‑square‑foot, one‑bedroom, one‑bathroom condominium
- Private balcony with Delaware River views
- Covered parking and building amenities including an indoor saltwater pool, hot tub, fitness center, and outdoor terrace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,150
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,000
$263.0K
Cap Rate 7%
$187,857
$187.9K
Cap Rate 9%
$146,111
$146.1K
Market Conditions
NOI Build-Up for 836 SF
Gross rent
$25.4K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$23.9K $28.60/SF
− OpEx
−$10.8K −$12.87/SF
NOI
$13.1K $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%
$263,000
Cap Rate 7%
$187,857
Cap Rate 9%
$146,111
Alternative Uses
Best Use
Apartment 5plus
$187.9K
$164.4K – $219.2K
NOI $13,150 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$203.8K
$178.3K – $237.8K
NOI $14,266 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,558
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom unit has a private balcony and access to covered parking, a fitness center, and indoor and outdoor amenities.
Where is this residential income property located?
The property is located at 717 S CHRIS COLUMBUS BOULEVARD Unit 709 Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 836‑square‑foot, one‑bedroom, one‑bathroom condominium; Private balcony with Delaware River views; Covered parking and building amenities including an indoor saltwater pool, hot tub, fitness center, and outdoor terrace
