1542 North 15th Street

Philadelphia, PA 19121

$1,100,000
Last Sold Price
Beds
4,230 Sq. Ft.
$260 / Sq. Ft.
4,230
Sq. Ft.
$260
per Sq. Ft.

Description

Fantastic cash flowing investment in the heart of the Temple University off-campus housing market. This 6 unit building has the added bonus of extending from 15th Street to Sydenham Street with plenty of vacant lot space for construction of an additional multi family property (build it yourself or subdivide and sell it). The units offer contemporary and well maintained finishes but can certainly be refreshed to increase the rents. All units are spacious and easily rented. Unit mix is Commercial space...Fantastic cash flowing investment in the heart of the Temple University off-campus housing market. This 6 unit building has the added bonus of extending from 15th Street to Sydenham Street with plenty of vacant lot space for construction of an additional multi family property (build it yourself or subdivide and sell it). The units offer contemporary and well maintained finishes but can certainly be refreshed to increase the rents. All units are spacious and easily rented. Unit mix is Commercial space on ground floor, (4) 2BR/1Ba Units, and (1) 1BR/1BA. Gross income is $93,960 with the inclusion of projected rent for currently vacant 1st floor apartment and laundry. All utilities are separated, systems are up to date.

Property Details for 1542 North 15th Street

Tax ID Number
881146805
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Subdivision
TEMPLE UNIVERSITY
Subdivision
TEMPLE UNIVERSITY (PHILADELPHIA PA)

Location

Add your commute
LISTING UPDATED: 08/30/2022 05:55 AM

Property Details for 1542 North 15th Street

StatusClosed
MLS #PAPH2064898
Days on Market19
Taxes$5,273 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.08 AC / 3,629 SF
CountyPhiladelphia County

Location

Add your commute

Building Information for 1542 North 15th Street

Stories-Residences4Year Built1915Building Size-Lot Size0.08 AC / 3,629 SF

Payment Calculator

$6,443 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$439

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1542 North 15th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19121 (19121)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $376,700
  • Year Assessed: 2021
  • County Tax: $0
  • Improvement Assessed Value: $263,690
  • Land Assessed Value: $113,010
  • Clean Green Assessed: No
  • Land Use Code: CA0
  • Zoning: RM1
  • Tax Lot: 44
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Concessions: Yes
  • Concessions Amount: $5,000
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 0
  • Units Leased Count: 5
  • Number Of Units Vacant: 1
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $28,323
  • Operating Expense Includes: Insurance, Snow Removal, Trash
Financial Information
  • Gross Income: $93,960
  • Net Operating Income: $65,637
  • Annual Rental Income: $93,000
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 4,230.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 21x172.83
  • Lot Dimensions Source: Estimated
  • Parcel ID: 1220742
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 1542 North 15th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1542 North 15th Street

Taxable ValueLand$162,000Additions$378,000Total$540,000
Tax Record2023$7,559 ($630 / month)
Home Facts
Total Finished SqFt4,230 SqFtAbove Grade Finished SqFt4,230 SqFtStories4Lot Size3,629 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRM1CountyPHILADELPHIAAPN88-1-1468-05

Schools near 1542 North 15th Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Meade Gen George C School
PublicPK to 8

Vaux HS: A Big Picture School
Public9 to 12

Carver High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.