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913 N 16TH Street

PHILADELPHIA, PA 19130
  • $1,250,000
  • STATUS: Pending
  • ON SITE: 127 Days
  • ID#: PAPH2321054
Pending
UPDATED: 56 min ago
$1,250,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,608
    SQFT
  • $271
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

School District:

Description

Introducing a prime investment opportunity at 913 N 16th St, Philadelphia, PA 19130, a legal four-unit building with the potential to convert the garage into a fifth unit, promising an impressive income potential based on the 2023 Section 8 rent schedule with a combined monthly income of $12,000 (3BR Units at $3,408, 2BR Units at $2,820, 1BR Units at $2,353, and an estimated Garage conversion at $600). This property is fully furnished, offering a turnkey solution for immediate rental, ideal for corporate rentals or short-term stays through platforms like Furnished Finder. Its strategic location in one of Philadelphias vibrant neighborhoods, close to amenities, public transportation, and city attractions, makes it an appealing choice for tenants and a lucrative option for investors. With multiple income strategies, including traditional leasing and corporate rentals, this property is designed for those looking to maximize their investment with a robust return. The opportunity to add a fifth unit by converting the garage further enhances its revenue potential, making 913 N 16th St a standout investment in the Philadelphia rental market.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Michael Harget Group | Keller Williams Realty Partners. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T19:56:45.173.
www.themichaelhargetgroup.com/homes/147646076
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913 N 16TH Street PHILADELPHIA, PA 19130

  • Price: $1,250,000
  • Status: Pending
  • On Site: 127 Days
  • Updated: 56 min ago
  • ID#: PAPH2321054
0
Beds
0
Baths
0
½ Baths
0.05
Acres
4,608
SQFT
$271
$/SQFT
1915
Built
Neighborhood:
19130 (19130)
County:
Philadelphia
Area:
19130 (19130)
School District:
Philadelphia City
Property Description
Introducing a prime investment opportunity at 913 N 16th St, Philadelphia, PA 19130, a legal four-unit building with the potential to convert the garage into a fifth unit, promising an impressive income potential based on the 2023 Section 8 rent schedule with a combined monthly income of $12,000 (3BR Units at $3,408, 2BR Units at $2,820, 1BR Units at $2,353, and an estimated Garage conversion at $600). This property is fully furnished, offering a turnkey solution for immediate rental, ideal for corporate rentals or short-term stays through platforms like Furnished Finder. Its strategic location in one of Philadelphias vibrant neighborhoods, close to amenities, public transportation, and city attractions, makes it an appealing choice for tenants and a lucrative option for investors. With multiple income strategies, including traditional leasing and corporate rentals, this property is designed for those looking to maximize their investment with a robust return. The opportunity to add a fifth unit by converting the garage further enhances its revenue potential, making 913 N 16th St a standout investment in the Philadelphia rental market.
Exterior Features

Architectural Style Straight Thru Construction Materials Masonry Garage Spaces 3.00 Garage Type Garage Door Opener Garage YN Yes Parking Types Detached Garage Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4608 Basement Fully Finished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Heating Hot Water Heating YN Yes Inclusions All furniture/ Appliance Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 1 Units Furnished All

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Natural Gas Foundation Details Permanent Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 802860875484 Ownership Interest Fee Simple Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 15273.00 Tax Lot 67 Vacation Rental YN No Water Source Public Zoning RM1

Listing courtesy of Canaan Realty Investment Group: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Michael Harget Group | Keller Williams Realty Partners. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T19:56:45.173.
 
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