1527 W Westmoreland St - Apartments FOR SALE


Philadelphia, PA 19140- Tioga-Nicetown
$60,000 USD
215-607-3535
1527 W Westmoreland St, Philadelphia, PA for Sale
$60,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1527 W Westmoreland St
Philadelphia, PA 19140
Tioga-Nicetown


HIGHLIGHTS

  • Prime Investment Opportunity: Ideal for rental income or redevelopment ??
  • Includes Adjacent Buildable Lot: Total land dimensions 32x80 feet ???
  • Spacious Structure: Approx. 2,500 SF with full basement ???
  • Top Location: One block from Temple University’s Medical School ??
  • High Return Potential: Projected cap rate over 11% ??

OVERVIEW

Here presented to you is an excellent opportunity for investors or homeowners seeking a versatile property in a prime location. The sale includes a shell and an adjacent buildable lot at 1529 W Westmoreland St, previously used as a triplex. Together, the parcels span 32 x 80 in total land dimensions, with the existing structure offering approximately 2,260 SF of space, including a full basement. The property is also in close proximity to the Broad St subway and Temple University Hospital. In 2019 a zoning/use permit was approved to continuously use this property as a Triplex for 1527 W Westmoreland St. It will be the buyers responsibility to verify this permit can still be used and applied to the property. It will also be the buyers responsibility to obtain the U&O. With a Walk Score of 87, most errands can be completed without the need for a car. The Transit Score of 83 highlights excellent public transportation options, making it convenient for most trips. The Bike Score of 64 indicates the availability of some bike lanes for cyclists. Nearby dining options include Tony Express, Golden Dragon, The Wiz Café, and more. Schools in the area include Young Scholars Kenderton Charter School, Thankful Learning Center, and Cristo Rey Philadelphia High School, among others. Grocery stores such as Sweet Rozanna, S Zitner Co., and J & R Express LLC are also close by. The property is located just four minutes from the Allegheny Station on the Broad Street Line (BSL), providing easy access between the AT&T Station and Fern Rock Transportation Center. For outdoor activities, nearby parks include Marcus Foster Memorial Stadium, Connie Mack Stadium, and the Mann Recreation Center. Don’t miss out—schedule your visit today!

FOR SALE DETAILS

PRICE

$60,000 USD

PRICE/SF

$22 USD /SF

# OF UNITS

3

PRICE/UNIT

$20,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1527 -1529 W Westmoreland St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RSA5

APN/PARCEL ID

112028800

ASK ABOUT THIS PROPERTY

Maria QuattroneRE/MAXMore Info
215-607-3535

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Maria QuattroneRE/MAXMore Info
215-607-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.