1540-00 N 15TH ST, Philadelphia, PA 19121
1540-00 N 15TH ST, Philadelphia, PA 19121
1540-00 N 15TH ST, Philadelphia, PA 19121
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Listed by Larry Levin • Realty Mark Associates
$1,200,000
Est. payment /mo
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2,083 Sqft Lot
Active

1540-00 N 15TH ST Philadelphia, PA 19121

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Franco Grisafi

Franco Grisafi

+1(610) 487-4007

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Temple University

MLS Listing ID PAPH2607220

Year Built 1915

Annual Tax Amount $7,138

Tax Year 2025

Lot Size 2,083 Sqft

Acres 0.05

Lot Dimensions 21.00 x 100.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Fantastic cash flowing investment opportunity in the heart of the Temple U area off campus housing market. This six unit building has been well cared for buy the current owner for nearly 40 years. . This building has the added bonus of extending from 15th Street to Sydenham Street with detached garage and/or plenty of vacant lot space for construction of an additional multi family property (build it yourself or subdivide and sell it). The units offer contemporary and well maintained finishes but can certainly be refreshed to increase the rents. All units are spacious and easily rented. Unit mix is Studio and 2BR/1BA Owner's Unit on ground floor, (2) 1BR/1BA Units on 2nd floor, and (1) 1BR/1BA and 2BR/1BA on 3rd floor. Gross income represents 4 units of income with owner's unit a(non-paying) and 3R vacant. Projected rents range up to $78,600 per year when laundry and garage rental are included . All utilities are separated, systems are up to date. Owner must have time to lease back following settlement. Property is being sold as-is, seller will not make repairs or inspection concessions.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Water Access N

Accessibility None

Total Parking Spaces 1

Garage N

Building

Foundation Slab, Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881146804

Ownership Fee Simple

Acceptable Financing Bank Portfolio, Cash, Other

Listing Terms Bank Portfolio, Cash, Other

Financing Bank Portfolio,Cash,Other

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

Franco Grisafi

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Phone

+1(610) 487-4007

Address

123 Main St, Allentown, PA, 18102

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1540-00 N 15TH ST