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Todd. Levinson

Principle & Lead Agent of LivinPhilly

  • Cell 267-243-3819
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1524, 1526, 1531, 1532 N 17th St, PHILADELPHIA, PA – $2,150,000

  • $2.2M Price
  • 13,000 Sqft
  • ½ Acres
  • 160 DOM
  • $2.2M Price
  • 13,000 Sqft
  • ½ Acres
  • 160 DOM

1524, 1526, 1531, 1532 N 17th St

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 / 30 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

Essential Information

  • MLS® #PAPH2090856
  • Price$2,150,000
  • Bathrooms0.00
  • Square Footage13,000
  • Acres0.05
  • Year Built2007
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Area19121
  • CityPHILADELPHIA
  • CountyPHILADELPHIA-PA
  • StatePA
  • MunicipalityPHILADELPHIA
  • Zip Code19121

Address

1524, 1526, 1531, 1532 N 17th St

Interior

  • HeatingCentral
  • CoolingCentral A/C

School Information

District

THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information

  • ZoningRM1

Listing Details

  • OfficeKW Commercial
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KW Commercial.

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Listing information last updated on August 13th, 2022 at 2:30am EDT.