Investments Sales Management

1901 S 16TH STREET

PHILADELPHIA, PA 19145

MLS#: PAPH2675230

$599,900

Status: Active
Listing number: PAPH2675230
Listing provided by: Mercury Real Estate Group
Listing agent phone: None
Last update: 4 days ago
On site: 5 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

2,372

Welcome to 1901 S. 16th St., Philadelphia, PA 19145. This fully updated Mixed-Use (CMX-2) Commercial building on 1st Fl. and (2) identical 3beds and 2bath apartments on 2nd and 3rd Floor offers an incredible opportunity for both investors and owner-occupants. Located on a heavily trafficked cornered intersection in the heart of Newbold, 1st Floor Commercial space currently operating as a hair salon. Electric gated garage for storage space/usage. Updated commercial space with separate utilities (Gas and Electric) hair salon trade fixtures and clean basement storage space. 2nd Floor apartment features 3 bedrooms and 2 full baths. 3rd Floor apartment offers near identical specifications as 2nd Floor apartment, 3 bedrooms and 2 full baths. Fully updated Hardwood Flooring, recessed lighting, windows, kitchens and baths. Both apartments were renovated within the past few years. No major maintenance needed and foreseeable if operating as a Landlord or Owner-occupied living quarters with Commercial business operations on 1st Fl. All units have separate utilities (Gas and Electric). Updated mechanicals systems (including fire alarm system). Property Square Footage is larger than what public records show. Ideal for an entrepreneur looking to live upstairs while operating a business or an investor seeking strong rental income from both residential apartment units and commercial space currently being leased. Both 2nd Fl. And 3rd Fl. Units were previously rented out at $1,600 a month. (both units are currently vacant for easy showing access) commercial unit currently rented at $1,500 a month (Hair Salon). This commercial building is ready for the next entrepreneur. Located within walking distance from Passyunk Square & surrounded by other well known business establishments "Newbold" has offers (Ultimo Coffee, Hardena, South Philadelphia Tap Room, etc.) Don’t miss this fantastic opportunity—schedule your showing today!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick Veneer, Brick

  • Parking

    On Street, Garage, Driveway

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.02

  • Lot Size(square feet)

    871

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $599,900

  • Tax Amount

    $5,610

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    2,372

  • Price/SqFt

    $252

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

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PHILADELPHIA

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Listing Courtesy of Loc Voong, Mercury Real Estate Group

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Agent Nick Polinchock

Owner, Chief Executive Officer, Portfolio Advisor

Nick Polinchock

Call Nick today to schedule a private showing.

(267) 614-1331

(215) 821-8836

nick@tntrealestatesolutions.com


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Welcome to 1901 S. 16th St., Philadelphia, PA 19145. This fully updated Mixed-Use (CMX-2) Commercial building on 1st Fl. and (2) identical 3beds and 2bath apartments on 2nd and 3rd Floor offers an incredible opportunity for both investors and owner-occupants. Located on a heavily trafficked cornered intersection in the heart of Newbold, 1st Floor Commercial space currently operating as a hair salon. Electric gated garage for storage space/usage. Updated commercial space with separate utilities (Gas and Electric) hair salon trade fixtures and clean basement storage space. 2nd Floor apartment features 3 bedrooms and 2 full baths. 3rd Floor apartment offers near identical specifications as 2nd Floor apartment, 3 bedrooms and 2 full baths. Fully updated Hardwood Flooring, recessed lighting, windows, kitchens and baths. Both apartments were renovated within the past few years. No major maintenance needed and foreseeable if operating as a Landlord or Owner-occupied living quarters with Commercial business operations on 1st Fl. All units have separate utilities (Gas and Electric). Updated mechanicals systems (including fire alarm system). Property Square Footage is larger than what public records show. Ideal for an entrepreneur looking to live upstairs while operating a business or an investor seeking strong rental income from both residential apartment units and commercial space currently being leased. Both 2nd Fl. And 3rd Fl. Units were previously rented out at $1,600 a month. (both units are currently vacant for easy showing access) commercial unit currently rented at $1,500 a month (Hair Salon). This commercial building is ready for the next entrepreneur. Located within walking distance from Passyunk Square & surrounded by other well known business establishments "Newbold" has offers (Ultimo Coffee, Hardena, South Philadelphia Tap Room, etc.) Don’t miss this fantastic opportunity—schedule your showing today!

1901 S 16TH STREET

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