$615,000
$640,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
712 S 15TH ST Philadelphia, PA 19146
2,175 SqFt
Key Details
Sold Price $615,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,175 sqft
Price per Sqft $282
Subdivision Graduate Hospital
MLS Listing ID PAPH2129928
Sold Date 09/15/22
Style Traditional
Abv Grd Liv Area 2,175
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,208
Tax Year 2022
Lot Size 1,360 Sqft
Acres 0.03
Lot Dimensions 16.00 x 85.00
Property Description
Here's your next investment property in one of the most desirable neighborhoods in all of Philadelphia- Graduate Hospital! You're looking at a six-unit zoned, value-add, multi-family building that consists of three (3) studio units (one occupied, two vacant) and one (1) owner's unit which has one bedroom and a full & half bathroom. With some TLC to each unit, the future owner could pull in $1,000-1,100/month on each of the studio units and about $1,500/1,600/month for the owner's unit. There's two (2) car parking in the rear, which could also serve as additional income by charging $250/month per spot. After your cosmetic renovations and rent bumps, you're looking at a 7% pro-forma cap rate, which is getting increasingly more difficult to find amongst investment properties all across the city. This is the ONLY available multi-family property in all of Graduate Hospital right now. Take advantage of this value-add opportunity in an incredible location, just one block off of South Broad Street, two blocks away from South Street, and walking distance to Center City, Rittenhouse Square and the bustling commercial corridor of Washington Avenue!
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RM-1
Interior
Hot Water 60+ Gallon Tank
Cooling Central A/C, Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 2
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 301274100
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Private
Listing Terms Cash, Private
Financing Cash,Private
Special Listing Condition Standard
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Bought with Ming T Lo • Philly Real Estate
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