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3116 N 15th Street, Philadelphia, PA

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3116 N 15th Street

Philadelphia, PA 19132 - Northwest Philadelphia Submarket


Property Type:Multi-Family Number of Units:5 Status:Existing Year Built:1940
Stories:2 Building Size:2,800 SF Land Area:.09 AC (3,920 SF)
For Sale Price:$165,000 Price/Unit:$33,000.00 Cap Rate:14.00 % GRM:5.73

Parking:-


1st floor.
Unit 1a- 1 bedroom apartment, new appliances, new floors, new windows.
Note: gas, electricity not included in rental payment. Rent $500/month
Unit 1b 1 bed room apartment- completely new and remodeled.
Note: gas, electricity not included in rental payment. Rent $450/month

2nd Floor:
Unit 2a 2 bedroom apartment, needs new windows.
Note: Gas, electricity not included in rental payment. Rent $550. After remodeling rent is up to $650month

3rd floor:
Unit 3a 1 bedroom apartment.
Note: gas and electricity not included in the rental payment. Rent $450/ month
Unit 3b 1 bedroom apartment rent - completely new
Note: Gas, electricity not included in rent payment. Rent $450/month
Tenants pay for gas and electricity. There are 5 separate gas heaters and water heaters. All tenants are on a month to month lease. Tremendous upside with possibility of student housing with 2 students per bed room with rents reaching up to $600/month per student. Great opportunity for student housing with a police station being built across the street. With 5 units and 6 total bedrooms there is a possibility of up to 100k annual gross income with student housing.
Building located on the corner of Broad and Allegheny just 2 blocks to Temple University Hospital and 6 blocks away from Temple University campus. OWNER HIGHLY MOVITIVED AND WANTS OFFER

Sale Notes:
1st floor.
Unit 1a- 1 bedroom apartment, new appliances, new floors, new windows.
Note: gas, electricity not included in rental payment. Rent $500/month
Unit 1b 1 bed room apartment- completely new and remodeled.
Note: gas, electricity not included in rental payment. Rent $450/month

2nd Floor:
Unit 2a 2 bedroom apartment, needs new windows.
Note: Gas, electricity not included in rental payment. Rent $550. After remodeling rent is up to $650month

3rd floor:
Unit 3a 1 bedroom apartment.
Note: gas and electricity not included in the rental payment. Rent $450/ month
Unit 3b 1 bedroom apartment rent - completely new
Note: Gas, electricity not included in rent payment. Rent $450/month
Tenants pay for gas and electricity. There are 5 separate gas heaters and water heaters. All tenants are on a month to month lease.Tremendous upside with possibility of student housing with 2 students per bed room with rents reaching up to $600/month per student. Great opportunity for student housing with a police station being built across the street. With 5 units and 6 total bedrooms there is a possibility of up to 100k annual gross income with student housing.
Building located on the corner of Broad and Allegheny just 2 blocks to Temple University Hospital and 6 blocks away from Temple University campus.OWNER HIGHLY MOVITIVED AND WANTS OFFER

M Riccardi Agency
Michael Riccardi
(215) 752-4200




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