1602 17th St Philadelphia, PA 19121-3200

Property Details for 1602 17th St

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 lot acres

Property size

3,126 SF

Zone code

RM1

Property type

Apartment buildings

APN

88-1-1462-44

APU

881146244

Description

This meticulously renovated 5-unit apartment building presents a compelling investment opportunity in Philadelphia's Templetown neighborhood. Located at 1602 N 17th Street, this three-story, 3,126 square foot building boasts a desirable RM1 zoning classification. Constructed in 1925 and completely renovated in 2024, the property offers a blend of classic charm and modern amenities. The unit mix includes one spacious three-bedroom, one-bathroom apartment on the first floor, which includes use of the basement and rear yard, and four one-bedroom, one-bathroom units on the second and third floors. All units feature fully remodeled kitchens with new appliances and quartz countertops, and modern, tiled bathrooms. The building is currently 90% occupied, with two one-bedroom units already leased at $850 per month on a month-to-month basis. The property includes a full basement, a large common rear yard, and is equipped with smoke and fire safety systems. Lead testing has been completed, ensuring compliance with all relevant regulations. This turnkey investment property offers immediate rental income and significant potential for future appreciation, making it an ideal addition to any portfolio. The asking price is $529,900, representing $169.51 per square foot and $105,980 per unit. All offers will be considered. Easy to show.