1542 N 15TH Street
1542 N 15TH Street Philadelphia, Pennsylvania 19121 United States

$1,249,000
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Keller Williams Philly

Listing Courtesy of Keller Williams Philly
$1,249,000
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4,230 Sq Ft.
Interior
.08 Acres
Exterior
Multi Family
Property type
1915
Year Built
PAPH1021582
Web Id
PAPH1021582
MLS ID
TEMPLE UNIVERSITY
Subdivision
Philadelphia City
School District
10
days ago

About 1542 N 15TH Street

Attention savvy investors and developers! This turn key, street to street, corner 6 unit mixed use investment building with huge positive cash flow, offers a value add opportunity and includes an attached lot on Sydenham Street that could easily be subdivided and built into another multi-unit building!. Everyone on 15th Street has done this or are currently building there. What's more is that this asset falls into an opportunity zone, so for developers and investors there are massive tax benefits to be enjoyed. With CMX2 zoning, the possibilities are endless. The building is fully occupied by mostly long term tenants and it generates almost $90,000.00/ year. There is 1st floor coin-op laundry for additional income. The commercial space on ground floor is approximately 800 square feet and includes a powder room; in addition there are 4, 2 bedroom, 1 bathroom apartments and 1, 1 bedroom, 1 bathroom apartment. This handsome building is currently under rented and with a little sweat equity, the monthly income could be increased. So, to sum this up, you get a great cash flow investment with a 7% cap rate, an additional lot suitable for new construction or parking, and it all is located in an Opportunity Zone. This one make sense, Make your move!

Listing Courtesy of Keller Williams Philly

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Lusk & Associates Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

features

Style
Traditional

PROPERTY INFORMATION

Basement
Unfinished
Cooling
Central A/C, Wall Unit
Heating
Forced Air, Baseboard - Hot Water
Sewer
Public Sewer
Style
Traditional

ADDITIONAL INFORMATION

Body of Water
Public
Listing Courtesy of Keller Williams Philly

Keller Williams Philly

Listing Courtesy of Keller Williams Philly
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