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$1,675,000   Price Analysis
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302 15th St
Franklin, PA 16323
Unknown bed None bath unknown SqFt ($0/SqFt)
0.52 acre lot. Built 1986
Listed 2024-07-03
May be USDA loan restricted due to income limits
near Franklin

Take advantage of this rare opportunity to own this fabulous 20 unit building and add this to your portfolio.

This well built BRICK property is constructed with 18 2-bedrooms and 2 1-bedrooms divided up into 4 sections. Terrace Garden Apartments come with a rich history of being fully occupied with long term residents and a waiting list! The units are consistent in layout and finishes with the galley kitchen: fully furnished, dining area, living room and plnty of closets.

The basement houses the coin operated laundry and each unit has their own storage area. There is extra storage outside along with terraces and patios. The common parking lot has an assigned space for each unit but there is plenty of parking on 15th and Elk streets. Tenant pays electric while owner pay s water, sewage, trash. So many improvements since 2019 including: new electric boxes in each unit, exterior LED lights, commercial washer/dryer, resealed parking lot, LED hallway light fixtures.


Presented by Amy Logan at
RE MAX Select Realty.
Listing Agent Photo

Property MLS #1661300 from WestPenn

Total Bathrooms: 0.00

Basement Description: Basement Description: HUGE, Basement: Y

Lot Size Acres: 0.52
Lot Size Square Feet: 22651

Parking Features: Assigned Space, Off-Street Parking
Parking Total: 21

Gross Income: 173280

Number of Units: 20

School District: Franklin

Franklin Area High School is a public middle and high school located approximately 2.1 miles away.
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Central El School is a public elementary school located approximately 0.4 miles away.
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Franklin Child Development Center is a private elementary, middle and high school located approximately 0.4 miles away.
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Annual Tax Amount: 14770
Source Listing Status: Active
County: Clarion/Venango
Disclaimer: Information Deemed Reliable, But Not Guaranteed
Source Property Type: Multi-Unit
Area: City of Franklin
Source Neighborhood: City of Franklin
Zoning: C
Source System Name: C2C

Listed 2024-07-03
$1,675,000
WestPenn

Net Operating Income: 112045

Year Built: 1986
Construction Materials: Brick
Property Age: 38

Electricity
Sewer
Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.