Address
913 N 16Th Street, Philadelphia, PA
Price
$ 1,250,000
Property Attributes
- MLS#PAPH2321054
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19130
- Zip19130
- StyleStraight Thru
- Year Built1915
- Taxes$ 15273
- Price$ 1,250,000
- Bedrooms9
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,178 SqFt
Data Source:
Bright MLS
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.
| Price History | |
|---|---|
| 2/15/2024 | Listed $1,250,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | Central A/C |
| Possession | Immediate |
| Zoning | RM1 |
| Garage Spaces | 3.00 |
| Pool Y/N | No Pool |
| Architectural Style | Straight Thru |
| Construction Materials | Masonry |
| Year Built | 1915 |
| Property SubType | Quadruplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | W Girard ave and North 16th Street |
| ModificationTimestamp | 2024-04-25T09:16:46 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 3 |
| MLS Area | 19130 (19130) |
| Lot Size Square Feet | 2051.00 |
| Tax Assessed Value | 1091100.0 |
| Waterfront Y/N | No |
| Street Name | 16TH |
| Tax Annual Amount | 15273.0 |
| Two Bedroom | 1 |
| Structure Type | End of Row/Townhouse |
| One Bedroom Units Count | 1 |
| Price Per Sq Ft | 271.27 |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Avg. Water Per Month | 230.0 |
| Total SQFT | 4608 |
| Days on Market | 76 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 67 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Fully Finished |
| Hot Water | Natural Gas |
| Furnished Units | All |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
| Three Bedroom Units Count | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | All furniture/ Appliance |
| Total Parking Spaces | 3 |
| Garage Features | Garage Door Opener |
| Type of Parking | Detached Garage |
| Land Use Code | U50 |
| Foundation Details | Permanent |
| Water View Y/N | No |
| Lot Dimensions | 18.00 x 119.00 |
| Lot Size Acres | 0.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 218220.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| # of Detached Garage Spaces | 3 |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19130
Price
Taxes
Visits
Year Built
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