2041 N 15Th St, Philadelphia, PA 19121

Description

Beautifully maintained duplex located just steps from Temple University and only half a block from Broad Street. This property offers a proven rental history and strong income stream in one of Philadelphia’s most consistent off-campus housing markets.

The property features spacious bedrooms, tiled bathrooms, hardwood flooring in the common areas, and carpeted bedrooms for added comfort. A generous rear yard and full basement provide additional storage and shared laundry facilities.

Unit 1 offers 2 bedrooms and 1 full bathroom and is currently leased for $1,000 per month. Unit 2 is a bi-level apartment featuring 3 bedrooms and 1.5 bathrooms and is currently leased for $1,500 per month. Both leases run through July 31, 2026, generating a total gross monthly rental income of $2,500. Tenants are responsible for gas and electric utilities, while the owner pays for water. Each unit is equipped with its own HVAC system, allowing for independent utility management.

This property qualifies for CRA financing with 3% down, no PMI, and an interest rate lower than FHA. HWA home warranty through HWA will be included in the sale of the property.

Key Bank is offering a 5K credit for this property which can be tied in with the Philly First 10K grant. The 5K credit can be applied toward closing costs or to prepay mortgage, flood/hazard insurance, escrow deposit, real estate taxes, or per diem interest.

The program is available for an owner-occupied principal residence, so the buyer must occupy the property as their primary residence.

Combining steady rental performance, close proximity to Temple University, and excellent transit accessibility, this property presents a compelling investment opportunity in Philadelphia.

Schedule your showing today!

AOS MUST INCLUDE THE FOLLOWING LANGUAGE:
"SALE OF THE PROPERTY IS CONTINGENT ON THE RELEASE OF THE PROPERTY FROM A BLANKET MORTGAGE."