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1542 N 15TH Street

PHILADELPHIA, PA 19121
  • $1,700,000
  • STATUS: Active
  • ON SITE: 119 Days
  • ID#: PAPH2292594
UPDATED: 47 min ago
$1,700,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1915
County:

School Ratings & Info

Description

Incredible Investment Opportunity: Spacious 6-Unit Commercial Property with Bonus LotWelcome to your next investment venture! This remarkable property offers a fantastic opportunity for both seasoned investors and newcomers to the real estate market. With a prime location, diverse rental units, and an extra lot ready for development, this is a deal you won't want to miss.Property Overview:- 1 Commercial Space- 4 Apartments with 2 Bedrooms and 1 Bath Each- 1 Apartment with 1 Bedroom and 1 Bath- Bonus Lot with Approved Plans for Additional IncomeKey Features:- Prime Location: Temple University off-campus housing market. Corner property situated in a high-traffic area, this property benefits from excellent visibility and accessibility, making it ideal for various businesses.- Diverse Rental Units: The property offers a mix of apartment sizes to cater to different tenant needs. Four spacious 2-bedroom apartments are perfect for families, couples or students, while a 1-bedroom apartment suits singles or students.- Bonus Lot for Expansion: The included extra lot comes with approved plans for development, allowing you to further increase your passive income potential. You can customize it to meet your investment goals.- Separate Utilities: Each unit has its own separate utility connections, providing convenience for both tenants and the property owner.- Water and Trash Costs Covered: The landlord covers the water and trash expenses, easing the burden on tenants and ensuring a hassle-free rental experience.Financials:- Annual Income: The property generates an impressive $101,400 in annual income, offering a steady and reliable stream of revenue for the discerning investor.This spacious 6-unit commercial property presents an exciting opportunity to grow your real estate portfolio and build wealth through rental income. Don't miss your chance to own this gem, where location, diversity, and future development potential come together for an outstanding investment. Not to mention, all units have been recently updated! Contact us today to schedule a viewing and secure your future in real estate.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-27T06:57:08.843.
www.newhometeammd.com/homes/144839607
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1542 N 15TH Street PHILADELPHIA, PA 19121

  • Price: $1,700,000
  • Status: Active
  • On Site: 119 Days
  • Updated: 47 min ago
  • ID#: PAPH2292594
0
Beds
0
Baths
0
½ Baths
0.6
Acres
1915
Built
Neighborhood:
19121 (19121)
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
Incredible Investment Opportunity: Spacious 6-Unit Commercial Property with Bonus LotWelcome to your next investment venture! This remarkable property offers a fantastic opportunity for both seasoned investors and newcomers to the real estate market. With a prime location, diverse rental units, and an extra lot ready for development, this is a deal you won't want to miss.Property Overview:- 1 Commercial Space- 4 Apartments with 2 Bedrooms and 1 Bath Each- 1 Apartment with 1 Bedroom and 1 Bath- Bonus Lot with Approved Plans for Additional IncomeKey Features:- Prime Location: Temple University off-campus housing market. Corner property situated in a high-traffic area, this property benefits from excellent visibility and accessibility, making it ideal for various businesses.- Diverse Rental Units: The property offers a mix of apartment sizes to cater to different tenant needs. Four spacious 2-bedroom apartments are perfect for families, couples or students, while a 1-bedroom apartment suits singles or students.- Bonus Lot for Expansion: The included extra lot comes with approved plans for development, allowing you to further increase your passive income potential. You can customize it to meet your investment goals.- Separate Utilities: Each unit has its own separate utility connections, providing convenience for both tenants and the property owner.- Water and Trash Costs Covered: The landlord covers the water and trash expenses, easing the burden on tenants and ensuring a hassle-free rental experience.Financials:- Annual Income: The property generates an impressive $101,400 in annual income, offering a steady and reliable stream of revenue for the discerning investor.This spacious 6-unit commercial property presents an exciting opportunity to grow your real estate portfolio and build wealth through rental income. Don't miss your chance to own this gem, where location, diversity, and future development potential come together for an outstanding investment. Not to mention, all units have been recently updated! Contact us today to schedule a viewing and secure your future in real estate.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Central A/CWall Unit Exclusions All tenants propertyCommercial tenant refrigerator. Heating Forced AirBaseboard - Hot Water Heating YN Yes Net Square Feet 42000.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Apartment BuildingProfessional Central Air YN Yes Cooling Fuel Electric Cross Street Oxford Foundation Details Stone Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 4 Operating Expense Includes Repair/MaintenanceInsurancePest ControlSewerTrashWaterAdvertisingManagement Fees Original MLSNumber 802704504924 Owner Pays Accounting/LegalAdvertising/Licenses and PermitsInsurancePest ControlRepairsSewerTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 7558.00 Tax Assessment Amount 540000.00 Tax Lot 44 Total Actual Rent 101400.00 Vacation Rental YN No Water Source Public Zoning RM1

Listing courtesy of Honest Real Estate: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-27T06:57:08.843.
 
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