10,375 SqFt
10,375 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 10,375 sqft
Price per Sqft $144
Subdivision Temple University
MLS Listing ID PAPH2678094
Style Contemporary
Abv Grd Liv Area 10,375
Year Built 2021
Annual Tax Amount $1,746
Tax Year 2026
Lot Size 2,341 Sqft
Acres 0.05
Lot Dimensions 23.00 x 100.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
FULLY LEASED THROUGH THE END OF JULY 2027! Every apartment is leased through July 2027, providing established rental income and a clear lease timeline for the next owner. The building includes TWO THREE-BEDROOM, THREE-BATHROOM apartments and SIX TWO-BEDROOM, TWO-BATHROOM apartments. This desirable unit mix offers residents the convenience of an equal number of bedrooms and bathrooms.
The apartments feature very modern, spacious interiors with generous living areas and a contemporary feel throughout. EVERY APARTMENT FEATURES ITS OWN IN-UNIT WASHER AND DRYER, individual water heater, and dedicated HVAC system providing CENTRAL HEAT AND CENTRAL AIR CONDITIONING. All appliances and heating, cooling, and water-heating systems operate on electricity. These individual systems allow residents to control their own apartment's temperature while enjoying the convenience of laundry within their home.
FULLY KEYLESS BUILDING! Both the main building entrance and every individual apartment feature coded keypad access, providing convenient entry without physical keys. An intercom system allows residents to communicate with visitors before granting building access.
BUILDING SECURITY FEATURES include security cameras throughout the hallways and on the exterior. Each apartment also has its own individual alarm system, which can be activated by the tenant. Exterior floodlights provide additional illumination around the property, complementing the building's camera coverage, keypad entry, and individual apartment alarm systems.
FREE STREET PARKING IS AVAILABLE IN FRONT OF THE BUILDING 24/7, subject to space availability and posted restrictions. Elevator access provides convenient travel between the building's four floors, adding another practical amenity for residents and visitors.
With all apartments leased through July 2027, five years remaining on the tax abatement, and a combination of modern residences, individual apartment systems, and convenient building amenities, 1505 N. 17th St. offers an attractive opportunity for experienced investors and buyers expanding their multifamily holdings.
AT LEAST 24 HOURS' ADVANCE NOTICE IS REQUIRED FOR ALL SHOWINGS. Please coordinate appointments in advance to accommodate the occupied residences.
All information, including unit count, lease terms, rental income, expenses, cap rate, construction date, tax abatement status and remaining term, parking availability, utilities, and building features, must be independently verified by the buyer and buyer's representatives.
One listing agent is related to the owner.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Fully Finished
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Unit Features Mid-Rise 5 - 8 Floors
Foundation Block
Above Ground Finished SqFt 10375
Sewer Public Septic
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881000287
Ownership Fee Simple
SqFt Source 10375
Security Features Exterior Cameras
Special Listing Condition Standard
Nearby Locations
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12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA