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Listed by Ed Foy • KW Empower
$1,250,000
Est. payment /mo
2,633 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Temple University
MLS Listing ID PAPH2673258
Year Built 2010
Annual Tax Amount $10,847
Tax Year 2026
Lot Size 2,633 Sqft
Acres 0.06
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Welcome to 1521 N 15th St, an 8-unit apartment building built in 2010 and only a few blocks from Temple University's campus. The four-story brick building has cast stone trim and a mansard-style top floor with dormer windows. It contains seven 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. The units have open living and kitchen layouts with hardwood floors, large windows, recessed lighting and central heating and air. Kitchens have wood cabinetry, tile backsplashes, gas ranges, over-the-range microwaves, dishwashers and a peninsula with a breakfast bar. Bedrooms have ceiling fans and double-door closets. Each unit has its own gas and electric meter, and the basement has a coin-operated laundry room. The building also has a fire alarm system and security cameras. The full-occupancy market rent roll is $142,140 per year, and pro forma stabilized NOI is about $94,700 after a 5% vacancy allowance and professional management. Tenants pay their own electric, gas and Wi-Fi. The owner pays water/sewer, common-area electric, laundry gas and camera Wi-Fi. Temple University Regional Rail, the Broad Street Line and multiple SEPTA routes are nearby, along with campus buildings, shops and restaurants. The building draws steady rental demand from being close to one of Philadelphia's largest universities. Rent roll, trailing financials and pro forma are available to qualified buyers on request.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881146267
Ownership Fee Simple
Special Listing Condition Standard
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