1540 N 15th Street, Philadelphia, PA 19121

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.

Property Features

Local Schools