1232 N 15th St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
Welcome to 1232 N 15th St, a spacious and versatile duplex offering an excellent opportunity for investors and house hackers in a centrally located Philadelphia neighborhood. With two generously sized bi-level units, updated finishes, and a flexible layout, this property offers both immediate rental income and significant potential for a new owner. The upper bi-level unit features 5 bedrooms and 2 full bathrooms and has been recently renovated with new flooring and new bathrooms. The spacious unit is currently leased for $1910 per month ($1850 + $60 water), providing immediate rental income on day one. The lower bi-level unit features 2 bedrooms and 1 full bathroom on the main floor, along with a large finished basement offering additional living, recreation, or storage space. This unit is currently vacant, providing a new owner with the flexibility to lease it to a new tenant, or potentially occupy the unit and use it as part of a house-hacking strategy. With 7 bedrooms across the two units, the property offers an attractive combination of space and income potential. An investor can lease both units, while an owner occupant can live in the lower unit and use the rental income from the upper unit to help offset their housing costs. Adding to the investment appeal, the property has an assumable VA loan with a 5.75% interest rate, offering a potentially attractive financing opportunity for a qualified buyer. Buyers should consult with their lender regarding eligibility and assumption requirements. The location is another major asset. Situated near Temple University, the property is well positioned for access to the university and its surrounding amenities. It's also conveniently located near the popular Fairmount and Brewerytown neighborhoods, offering easy access to an expanding selection of restaurants, cafés, breweries, bars, parks, entertainment, and neighborhood businesses. Public transportation and major roadways provide convenient connections throughout Philadelphia. Whether you're an investor looking to add a multi-unit property to your portfolio or a buyer seeking to house hack and build equity, 1232 N 15th St offers an uncommon combination of 7 bedrooms, two bi-level units, a finished basement, existing rental income, and an assumable 5.75% VA loan in a location surrounded by some of Philadelphia's most active neighborhoods.
Details
| MLS # | PAPH2662784 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 41 |
| Listing Provided By | Compass Pennsylvania, LLC | Eric Prine |
Features
| SQ Feet | 2,697 |
|---|---|
| Basement | Y |
| Units | 2 |
| Zoning | RM1 |
| Acreage | 0.02 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central, Forced Air |
| Appliances | Stainless Steel Appliances |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4727 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | BREWERYTOWN |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in BREWERYTOWN) | |
Price: $439,900 low | high Med: $206,950 sqft: 2,697 low | high Med: 999 $ / sqft: $163 low | high Med: $208 On site: 41 low | high Med: 65.5 | |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | BREWERYTOWN |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in BREWERYTOWN) | |
Price: $439,900 low | high Med: $206,950 sqft: 2,697 low | high Med: 999 $ / sqft: $163 low | high Med: $208 On site: 41 low | high Med: 65.5 | |
