$ 399,900
-
$399,900
Price -
0
Bed -
0
Bath -
2,784
SqFt
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About the Listing KELWLMW - 3180966,3359104
Investor Alert! 24-hour notice required for all showings. Currently operating as a 6-bedroom, 2.5 bath rental, the property generates $4,200 per month ($50,400 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. Offering a nearly 9% cap rate. This property is that it is a legal six-unit rooming house with grandfathered zoning rights, making it a 6-unit building by right. This designation creates significant future value-add potential for the next owner. Subject to buyer due diligence. The property benefits from its premier location just steps from Temple University's main campus. Positioned in the heart of the university's most desirable off-campus housing district and within campus patrol zone. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078 and PAPH2637494
Listing Highlights
Status
Active
Days on Site
3
Property Type
Commercial Sale
MLS ®
PAPH2637534
Year Built
1915
Total Square Footage
2,784
Lot/Acreage
0.03
County
Philadelphia
Neighborhood
Temple University
Area
19121 (19121)
School District
Philadelphia City
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: RM1
- Roof:
- Others:
- Sewer: Private Sewer
Financial Details
- Tax Amount: $6,245
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
1844 N 16th St Philadelphia, PA 19121
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