6945 15Th St Philadelphia, PA 19126
- Apartment buildings
- 14,020 SF
Current Use by Public Records
- Laurene Gardens Condominium / Condominium Complex
Property Details for 6945 15Th St
- Year built
- 1950
- Property size
- 14,020 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 16-unit apartment building located at 6945 N 15th St, Philadelphia, PA 19126. The property, known as Laurene Gardens Condominium, boasts a total of 14,020 square feet and is situated on a single, two-story building constructed in 1950. The property is zoned RM1 and features 16 residential units, each currently generating an average monthly rent of $1,000. The building's address places it within the vibrant West Oak Lane neighborhood, characterized by tree-lined streets, historic architecture, and a strong sense of community. West Oak Lane offers residents a blend of urban conveniences and suburban peace, with easy access to public transportation and local businesses. This well-maintained property presents a compelling investment opportunity in a desirable Philadelphia location. The property's APN is 888056930. The asking price for this multifamily asset is $1,600,000. This represents a significant opportunity to acquire a stable, income-generating property in a thriving Philadelphia neighborhood. The property's solid construction and desirable location make it an attractive investment for both seasoned and new investors seeking a strong return on investment in the Philadelphia real estate market. The building's history and established tenancy provide a solid foundation for future growth and profitability.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.142
- Latitude
- 40.0594
