1517 N 15th St, Philadelphia, PA 19121
- $1,200,000
- List Price
- $1,200,000
- Days on Market
- 2
- Status
- ACTIVE
- MLS#
- PAPH2671488
- Lot Size (Acres)
- 0.08
- Year Built
- 1915
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
Rare opportunity to acquire a distinctive 9-unit multifamily property just blocks from Temple University’s Main Campus. 1517 N 15th Street combines historic architectural character with a compelling value-add investment profile in one of Philadelphia’s established university rental corridors. The property features an impressive Second Empire–inspired design with a substantial cut-stone façade, ornate architectural detailing, and signature mansard roofline. The building contains a diverse unit mix of one studio, four 1-bedroom units, three 2-bedroom units, and one 3-bedroom/3-bath unit. Seven of the nine units are currently occupied, with two vacant units providing an immediate lease-up opportunity. The stabilized rent schedule projects approximately $11,750 per month / $141,000 annually in gross rental income. The property is being offered strictly AS-IS, WHERE-IS, with all existing conditions, providing investors the opportunity to acquire the asset in its current condition and implement their own renovation, management, and value-add strategy. Seller will make no repairs or improvements prior to closing. Conveniently located near Temple University, neighborhood retail, dining, SEPTA, and Center City, 1517 N 15th Street offers substantial scale, architectural character, and a defined path toward stabilization.
Additional Information
- Area
- 19121 (19121)
- Subdivision
- Temple University
- Taxes
- $6719.04
- School District
- Philadelphia City
- View
- City
- Heating
- Baseboard - Electric
- Heating Fuel
- Electric
- Cooling
- Wall Unit
- Utilities
- None
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Keller Williams Liberty Place. Contact: 6093995454