Just Sold: 1512 N 17th St, Philadelphia, PA 19121

Just Sold: $505,000

1512 N. 17th Street is a truly unique 5-unit student housing property centrally located near Temple University. Many of the original architectural details were kept during this building’s restoration in 2008. Highlights include: Tax Abatement (expires 2018) – Large Units – Unique Craftsmanship Throughout – Granite Kitchens – Hardwood Flooring – Washer & Dryer Units in each Apartment = Unit Breakdown: Bment – Studio/1br – Unit 1A – 3br/1ba – Unit 2A – 1br/1ba = Unit 2B – 1br/1ba – Unit 3A – 3br/1ba. Monthly rental income is $5475, annually, $65,700. Annual expenses, approximately $17738, cleaning/maintenance; $1300, fire certification; $77, insurance; $2915, licensing; $256, management fees; $6032, trash; $190, repairs; $3740, taxes; $1357, utilities; $1871. Regarding Unit 1A, it does have an unusual layout, but it is indeed a 3 bdrm/1 bath unit. The main entrance used is the single doorway entrance, the pocket doors for the front bedroom in this unit were sealed shut and just used as a wall to keep the architectural beauty of the building. The glass hallway door is usually not used by tenants to enter or exit, just for moving furniture purposes. The unit is entirely connected without the need to access the common area. I’m not sure what the confusion is, but I hope this explanation clears that up.