Property
Beds
6
Full Baths
None
1/2 Baths
None
Year Built
2017
Sq.Footage
2,940
Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% cap rate. Welcome to 3537 N. 16th St., a high-demand rental property in the thriving North Broad Corridor, just steps from Temple University Hospital. This fully leased multifamily building features three spacious units (each with 2 beds and 2 baths), totaling six beds, with lower-level units offering full basements for added rental potential. Built in 2017 using efficient modular construction, this energy-efficient property boasts modern interiors, high ceilings, and contemporary appliances. Dedicated management and leasing ensure hassle-free ownership, while a remaining tax abatement keeps operating expenses low. Situated in a Qualified Opportunity Zone, this investment benefits from strong rental appreciation and a waitlist of tenants fueled by 5,500+ skilled TU Hospital professionals. Conveniently located 5 minutes from the SEPTA Broad St. subway, providing direct access to Center City, and near major redevelopments, including North Philadelphia Station, Uptown Theater, and Beury Building. This high-growth investment opportunity is available immediately—a rare find in one of Philadelphia’s most exciting markets. **PACKAGE NOTES: - 2 turnkey rental properties that are giving you the chance to bundle and maximize your investment. - Each property is fully occupied by good-standing tenants. - Owner can provide rent receipts, etc. **PACKAGE DEAL: ** 3535 N. 16th St. List Price: $687,500 Rental: $1,400 per unit (3 units), ** 3537 N. 16th St. List Price: $687,500 Rental: $1,400 per unit (3 units)
Features & Amenities
Interior
-
Total Bedrooms
6
Area & Lot
-
Property Type
Residential Income
-
Architectural Style
Straight Thru
Exterior
-
Garage
No
-
Parking
None
Financial
-
Sales Price
$687,500
-
Tax Amount
11355.41
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Martin Rodriguez , KW Empower
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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