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2420 N 15TH ST, PHILADELPHIA, PA 19132 (MLS # PAPH835822)

Price $199,999
Status Active
Beds 5
Baths 2 Baths
Home size 1,879 sqft
Lot Size 872 sqft
Days on Market 27
Investor alert! Be part of this exciting opportunity to acquire a turn-key investment portfolio. The portfolio consist of 16 fully-rehabbed, tenant-occupied properties, 14 single family homes and 2 triplexes in the fast growing West Philadelphia and Brewerytown areas of Philadelphia, Pennsylvania. In addition, over half of the portfolio is located in a Qualified Opportunity Zone (QOZ), giving investors direct access to the triple tax benefit incentive. Currently, tens of millions being invested in real estate development in these immediate vicinities. Spacious 3bd/1ba, 800 sqft, single-family rental. Pro forma annual income = $17,300. Pro forma annual expenses = $2,768. Pro forma NOI = $12,380. Pro forma cap rate = 8%. Can be sold individually, package or as entire portfolio. Developed by emerging city builder. Units are fully leased! Strong rent growth and appreciation forecast in these key areas for years to come. Terrific opportunity for institutional investment firm, owner-occupied investors and millennial investors. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 9/22/2019 Areas STRAWBERRY MANSION
Year Built 1915 Community PHILADELPHIA
County PHILADELPHIA

SCHOOLS

School District THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Details

AIR Central A/C
AIR CONDITIONING Yes
AREA PHILADELPHIA
CONSTRUCTION Masonry
HEAT Central
HOA DUES None
LOT 871 sq ft
LOT DIMENSIONS 15.58 x 62.82
SEWER Public Septic
STORIES 3+
STYLE Contemporary
SUBDIVISION STRAWBERRY MANSION
TAXES 651.0
WATER Public
ZONING RSA5

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Listing provided by Compass Pennsylvania, LLC
BrightMLS

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Condo Shop participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than The Condo Shop are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2019 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 10/19/19 9:04 AM PDT

This IDX solution is (c) Diverse Solutions 2019.

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