1309 N 15th St - Apartments FOR SALE


Philadelphia, PA 19121
$695,000 USD
610-639-0168
1309 N 15th St, Philadelphia, PA for Sale
$695,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

1309 N 15th St
Philadelphia, PA 19121


OVERVIEW

Introducing a fantastic investment opportunity at 1309 N. 15th Street, Philadelphia, PA, 19121 – a beautifully maintained triplex apartment building situated in the heart of the thriving Temple University area. Available for sale immediately, this is an ideal prospect for small multifamily investors seeking a prime location just blocks away from Temple University, shopping centers, and The Met Philadelphia. This .04-acre property features three spacious floors, offering a total of four dwelling units: two 2-bedroom apartments on the 2nd and 3rd floors, a 1-bedroom apartment, and a studio apartment on the 1st floor. Each unit is equipped with central air conditioning and heating, ensuring year-round comfort for tenants. The building's rentable square footage is an impressive 2,956 sq ft, and stabilized rent roll has the potential to generate approximately $60,000 per year. Upon entering the building, a lovely foyer welcomes you, and a coin-operated washer/dryer is conveniently located in the basement. The beautiful kitchens are adorned with plenty of cabinets, dishwashers, and stainless-steel appliances. Tenants will also enjoy the charming backyard patio – perfect for relaxation or entertainment. Located just a 10-minute drive from Center City and with the Broad Street Line only minutes away, commuting is a breeze. The area boasts a wide variety of excellent restaurants, nightlife, shopping options, Fresh Grocers, and parks for residents to enjoy. With one unit currently rented and a favorable zoning of RM-1, this is a fantastic opportunity for investors seeking a prime property in the Temple University area. Don't miss out on this rare chance to secure a highly desirable property with a promising return on investment. Taxes are currently $9,454 but could likely be appealed. Make your move and invest in the future of Philadelphia real estate today!

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

3

PRICE/UNIT

$231,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,498 SF

ZONING

CMX2

APN/PARCEL ID

471178810

ASK ABOUT THIS PROPERTY

JAMES GORECKIPremium Realty Castor Inc.More Info
610-639-0168

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JAMES GORECKIPremium Realty Castor Inc.More Info
610-639-0168

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.