Investments Sales Management

1521 N 15TH STREET

PHILADELPHIA , PA 19121

MLS#: PAPH1015840

$1,450,000

Status: Closed
Listing number: PAPH1015840
Listing provided by: RE/MAX Regency Realty
Listing agent phone: None
Last update: 1 year, 8 months ago
On site: 4 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2010

Sq.Footage

N/A

Temple University off-campus student housing investment opportunity in A++ location! Located on one of the best blocks on campus, one block from Morgan Hall, in the heart of Main Campus. Well-maintained eight-unit property, with a ten year operating history at 100% occupancy. This property consists of an ideal unit mix that is easily leased, which includes seven 2-bed/1 bath and one 1-bed/1 bath totalling 15 beds. Gas and electric utilities are separately metered and paid by tenants. Spacious layouts with hardwood floors throughout and a private enclosed outdoor area for one unit. New roof coating just completed at the end of 2020. Bring in additional money each month with commercial coin operated laundry machines housed in the brightly lit and clean lower level, easily accessed by all tenants. All units fully leased for the 2020-21 school year and completely fully leased for 2021-22 with a 3% rent increase as well! Great income producing opportunity with an annual gross income of $138,300! A value-add opportunity, upgrading kitchens and bathrooms will allow the next owner to increase rents even further. With this location, and unit mix it will not last long! Step right in and start collecting income! Schedule your showing today before this opportunity is gone!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.06

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,450,000

  • Tax Amount

    14734.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Septic Tank

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PHILADELPHIA

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Listing Courtesy of Jessica L Jackson , RE/MAX Regency Realty

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Temple University off-campus student housing investment opportunity in A++ location! Located on one of the best blocks on campus, one block from Morgan Hall, in the heart of Main Campus. Well-maintained eight-unit property, with a ten year operating history at 100% occupancy. This property consists of an ideal unit mix that is easily leased, which includes seven 2-bed/1 bath and one 1-bed/1 bath totalling 15 beds. Gas and electric utilities are separately metered and paid by tenants. Spacious layouts with hardwood floors throughout and a private enclosed outdoor area for one unit. New roof coating just completed at the end of 2020. Bring in additional money each month with commercial coin operated laundry machines housed in the brightly lit and clean lower level, easily accessed by all tenants. All units fully leased for the 2020-21 school year and completely fully leased for 2021-22 with a 3% rent increase as well! Great income producing opportunity with an annual gross income of $138,300! A value-add opportunity, upgrading kitchens and bathrooms will allow the next owner to increase rents even further. With this location, and unit mix it will not last long! Step right in and start collecting income! Schedule your showing today before this opportunity is gone!

1521 N 15TH STREET

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