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Asking Price - $1,250,000
Days on Market - 72
913 N 16th Street
Philadelphia, PA 19130
Featured Agent
EveryHome Realtor
Asking Price
$1,250,000
Days on Market
72
# of Units
3
1 Bdrm Units
1
2 Bdrm Units
1
3 Bdrm Units
2
Acres
0.05
Interior SqFt
4,608
Age
109
Heating
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
3
Taxes (2022)
15,273
Additional Details Below
EveryHome Agent
Views: 35
Featured Agent
EveryHome Realtor
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
Driving Directions
W Girard ave and North 16th Street
Listing Details
Summary
Architectural Type
•Straight Thru
Garage(s)
•Garage Door Opener
Interior Features
Basement
•Fully Finished, Permanent
Exterior Features
Exterior Features
•Masonry
Utilities
Cooling
•Central A/C, Natural Gas
Heating
•Hot Water, Natural Gas
Miscellaneous
Lattitude : 39.971096
Longitude : -75.162575
MLS# : PAPH2321054
Views : 35
Listing Courtesy: Yuhoi Lam of Canaan Realty Investment Group
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Notes
Page: © 2024 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
Presentation: © 2024 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
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