Description

We just identified a high-volume “Value-Add” or “Buy & Hold” opportunity in the heart of Logan (19141)! 5111 N 15th St is a massive 3,000 sqft multi-family structure that offers a rare 6-bedroom, 5-bathroom layout. In a neighborhood where 1,500 sqft rows are the norm, this oversized asset provides double the footprint and massive rental upside for an investor looking for scale.

We have 5111 N 15th St—a substantial 3,000 sqft brick multi-family home built in 1905. The property features a finished basement and a deep lot. With 6 bedrooms and 5 full baths, this is perfectly configured for high-occupancy rental or a high-voucher Section 8 play. Specs: 6 BR / 5 BA | 3,000 SQFT | Year Built: 1905 | Zoning: RSA3 (Multi-Family Use).

💰 The Money: Current Est. Value: ~$215,000 (As-Is) Target Rent: **$2,800 – $3,200/mo** (High demand for large-family vouchers in 19141) Est. Rehab: $50,000 – $75,000 (Cosmetic Refresh + Mechanical Service) Est. Refi Payment: ~$1,650/mo (Projected 12%+ Net Yield!)

📊 ARV SUMMARY & MATH ARV (Conservative): $285,000 (Matches nearby renovated 4-5 bed row sales) ARV (Realistic/Selected): **$350,000** (Based on 3,000+ sqft multi-family sales in 19141) ARV (Aggressive): $395,000+ (Based on full modern “Luxury Rental” finish) Price per SqFt: $71 (Currently valued at nearly 50% below neighborhood average for renovated product)

🚀 Why this deal?

The “3,000 SQFT” Anchor: Most homes in Logan are 1,200–1,500 sqft. This property is a “Titan” for the block. The sheer volume supports a much higher appraisal floor and allows for higher rental caps.
Bathroom Density: Having 5 full bathrooms is an incredible asset for high-occupancy rentals. This reduces tenant friction and significantly increases the “per-room” rental value.
Strategic Logan Location: You are steps away from public transit and the Broad St corridor, ensuring zero vacancy risk for a modernized, large-scale rental.