Philadelphia, PA 19130,913 N 16TH ST
Philadelphia, PA 19130,913 N 16TH ST
Philadelphia, PA 19130,913 N 16TH ST
$1,200,000
Est. payment /mo
$1,250,000
4.0%
Est.Price: ?

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4,608 SqFt
SOLD DATE : 06/27/2024

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type End of Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 4,608 sqft

Price per Sqft $260

MLS Listing ID PAPH2321054

Sold Date 06/27/24

Style Straight Thru

Abv Grd Liv Area 4,608

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $15,273

Tax Year 2023

Lot Size 2,051 Sqft

Acres 0.05

Lot Dimensions 18.00 x 119.00

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 Philadelphia's 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.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning RM1

Rooms

Basement Fully Finished

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Garage Door Opener

Garage Spaces 3.0

Water Access N

Accessibility None

Total Parking Spaces 3

Garage Y

Building

Foundation Permanent

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 471210100

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Yuhoi Lam • Canaan Realty Investment Group
Bought with Casey R Lebarron • Keller Williams Real Estate - Newtown

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agent

Bob Gauger

+1(240) 286-4447

Broker Associate | License ID: 312506

Broker Associate License ID: 312506

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