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1511 N 16th Street,  Philadelphia PA, 19121

(Active)
$749,999
|
4,698 sqft
|
MLS# PAPH2336776
Last Updated: 4/29/2024 7:45 AM
Description for 1511 N 16th Street Philadelphia, PA 19121
Welcome to this exceptional investment opportunity located in the vibrant Temple University area. This property consist of TWO BUILDINGS, a quadplex and a bonus building the back! The quadplex, located on 16th street has 4 units total. Three of the units are completely turnkey and consist of 4 bedrooms, 2 bathrooms, washer/dryer and central air in each unit. They are located on the 1st, 2nd and 3rd floors. The 4th unit is on the lower level and requires full renovation. The 2nd and 3rd floor units are currently rented out.The BONUS building in the back, located on Sydenham street, can be transformed into a 4 unit building. Blueprints are already completed for the 4 unit, offering a clear vision for the potential of this space. Additional possibilities are an ADU or a spacious garage.There is a lot of potential for these properties and the existing tenants will continue to provide cash flow while implementing your value-add.Whether you are looking for a turnkey investment opportunity or a property with customization potential, this property offers both. Don't miss out on this chance to invest in one of Philadelphia's most dynamic neighborhoods. Schedule a showing today!
Price
$749,999
PHILADELPHIA
4,698 (approx)
PAPH2336776
Active
Description
Welcome to this exceptional investment opportunity located in the vibrant Temple University area. This property consist of TWO BUILDINGS, a quadplex and a bonus building the back! The quadplex, located on 16th street has 4 units total. Three of the units are completely turnkey and consist of 4 bedrooms, 2 bathrooms, washer/dryer and central air in each unit. They are located on the 1st, 2nd and 3rd floors. The 4th unit is on the lower level and requires full renovation. The 2nd and 3rd floor units are currently rented out.The BONUS building in the back, located on Sydenham street, can be transformed into a 4 unit building. Blueprints are already completed for the 4 unit, offering a clear vision for the potential of this space. Additional possibilities are an ADU or a spacious garage.There is a lot of potential for these properties and the existing tenants will continue to provide cash flow while implementing your value-add.Whether you are looking for a turnkey investment opportunity or a property with customization potential, this property offers both. Don't miss out on this chance to invest in one of Philadelphia's most dynamic neighborhoods. Schedule a showing today!
Listing Information
Property Type: Fourplex, Multi-Family, Other
0.1 Acres 4,698 (approx) 1915
Public
Public Sewer
Neighborhood
School Information
District: PHILADELPHIA CITY
Room Information
Interior Features
Dishwasher, Dryer, Refrigerator, Microwave, Cooktop, Washer, Electric Water Heater
Central Air
Electric Heating, Hot Water
1
Exterior / Lot Features
On Street
24.00 x 173.00
Driving Directions
On 16th street between oxford street and jefferson street
Financial Considerations
471216100
$8,058
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19121 has a population of 1,615,184.

The median household income in Philadelphia, Pennsylvania 19121 is $33,974. The median household income for the surrounding county is $50,724 compared to the national median of $66,222. The median age of people living in Philadelphia 19121 is 37 years.

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Courtesy: Mercury Real Estate Group
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 4/29/2024 7:45 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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