School District: The School District Of Philadelphia
Address: 1542 N 15TH ST
Neighborhood: Temple University
Attention savvy investors and developers! This turn key, street to street, corner 6 unit mixed use investment building with huge positive cash flow, offers a value add opportunity and includes an attached lot on Sydenham Street that could easily be subdivided and built into another multi-unit building!. Everyone on 15th Street has done this or are currently building there. What's more is that this asset falls into an opportunity zone, so for developers and investors there are massive tax benefits to be enjoyed. With CMX2 zoning, the possibilities are endless. The building is fully occupied by mostly long term tenants and it generates almost $90,000.00/ year. There is 1st floor coin-op laundry for additional income. The commercial space on ground floor is approximately 800 square feet and includes a powder room; in addition there are 4, 2 bedroom, 1 bathroom apartments and 1, 1 bedroom, 1 bathroom apartment. This handsome building is currently under rented and with a little sweat equity, the monthly income could be increased. So, to sum this up, you get a great cash flow investment with a 7% cap rate, an additional lot suitable for new construction or parking, and it all is located in an Opportunity Zone. This one make sense, Make your move!
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Courtesy of: Keller Williams Philly Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 27th October, 2021 10:55 AM
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