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$2,150,000
113 Days Online

1514 N 17th Street
Philadelphia, PA 19121

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1915
Built
Subdivision:
Temple University
County:
Philadelphia

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1514 N 17th Street1514 N 17th Street1514 N 17th Street1514 N 17th Street
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17th Street Flats is a multifamily/student housing portfolio consisting of 4 (4 additional triplexes are also available, see agent) nearly-identical triplexes. Situated on Temple University's campus; and within walking distance to the highly gentrifying Brewerytown and Francisville neighborhoods, this opportunity affords a new owner a stabilized student renter base, while benefiting from the continued growth of the surrounding market rate rental market. As the adjacent neighborhoods continue to develop and expand with new luxury housing, shops, and restaurants, 17th Street Flats will position itself as a unique choice for both students and market rate rents adding to the asset's overall value and flexibility. 17 Street Flats offers a new owner the ability to add substantial value by simply managing the deeply under market rents, billing back water/sewer charges, and monetizing the laundry rooms. With all assets located on the same block, an owner is able to efficiently manage and scale operations with the benefit of significant revenue upside. PROPERTY HIGHLIGHTS 4 Triplexes 12 Units / 28 Beds Dynamic location allowing for market rate conversion Below market rents at $535/bed average Landlord currently pays W&S, trash, and common electric Opportunity to billback Water & Sewer Opportunity to monetize washers/dryers Easy to manage assets Addresses include: 1514, 1518, 1521, 1523 N 17th St

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Listing Snapshot
Price 
$2,150,000
Days Online 
113 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.05 Acres
Year Built 
1915
MLS Number 
PAPH2090824
Status 
Active
Property Tax 
$6,800
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
13 hours agoListing updated with changes from the MLS
a month agoStatus changed to Active
a month agoPrice changed to $2,150,000
4 months agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Construction Materials 
Masonry
Zoning 
RM1
Interior Features
Heating 
Central
Cooling 
Central A/C
Central Air 
Yes
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Community Features
Accessibility Features 
None
Listing courtesy of KW Commercial



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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