Philadelphia, PA 19146,712 S 15TH ST
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Philadelphia, PA 19146,712 S 15TH ST
Philadelphia, PA 19146,712 S 15TH ST
Philadelphia, PA 19146,712 S 15TH ST
Philadelphia, PA 19146,712 S 15TH ST

$615,000

Est. payment /mo

$640,000

3.9%
Est.Price: ?

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712 S 15TH ST Philadelphia, PA 19146

2,175 SqFt

SOLD DATE : 09/15/2022

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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Bright MLS (BMLS)
Listed by Daniel Tae Kim • KW Philly
Bought with Ming T Lo • Philly Real Estate

Jan Crowley

License ID: 660313

+1(443) 538-4326

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