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Straight Thru

913 N 16TH STREET

PHILADELPHIA , PA 19130

MLS#: PAPH2321054

$1,250,000

Status: Closed
Listing number: PAPH2321054
Listing provided by: Canaan Realty Investment Group
Listing agent phone: None
Last update: 10 months ago
On site: 1 year, 1 month ago
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Property

Beds

9

Full Baths

None

1/2 Baths

None

Year Built

1915

Sq.Footage

4,608

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.

Features & Amenities

Interior

  • Total Bedrooms

    9

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4608.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water

Exterior

  • Garage

    Yes

  • Garage spaces

    3

  • Parking

    Garage Door Opener, Garage, Detached

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.05

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Straight Thru

Price

  • Sales Price

    $1,250,000

  • Tax Amount

    15273.0

  • Sq. Footage

    4, 608

  • Price/SqFt

    $271

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Permanent

  • Sewer

    Public Sewer

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Location

County

PHILADELPHIA

Elementary School

Middle School

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Listing Courtesy of Yuhoi Lam , Canaan Realty Investment Group

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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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.

913 N 16TH STREET

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