$ 999,900
-
$999,900
Price -
1
Bed -
8
Bath -
4,297
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 61039 - 3359104
INVESTOR ALERT — 24 HOURS NOTICE REQUIRED. Three-unit building, 2020 construction, 14 bedrooms and 8 bathrooms across 4,297 sq ft. Tax abatement in place through 2030: real estate taxes currently run approximately $1,219 per year against roughly $12,699 at full assessment — a difference of about $11,480 annually, or $45,920 over the remaining term. Purchasers should underwrite the step-up on expiry. Unit 1 — 6 bed / 3 bath, currently vacant, four bedrooms on the below-grade ground floor Unit 2 — 2 bed / 2 bath, $1,450/month Unit 3 — 6 bed / 3 bath, $4,650/month Units 2 and 3 are leased at market for the 26/27 season, together producing $73,200 annually. Unit 3 was repositioned from four tenants at $2,750 to six at $4,650 — a 69% increase, already executed. Common roof deck and rear patio. The asking price is set against income in place today rather than on a stabilised basis, so a purchaser acquires the lease-up on Unit 1 rather than paying for it. Walking distance to Temple University Main Campus and the Broad Street Line. Offering memorandum with full rent roll and operating statement available on request. All figures subject to independent verification.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
PAPH2668006
Year Built
2019
Total Square Footage
4,297
Lot/Acreage
0.04
County
Philadelphia
Neighborhood
Temple University
Area
19121 (19121)
School District
Philadelphia City
Interior Details
- Bedrooms: 1
- Bathrooms: 8 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4297
- Below Ground Sq Ft: 0
- Basement: Fully Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 16.00 x 98.00
- Zoning: RM1
- Roof: Flat
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,539
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1848 N 16th St Philadelphia, PA 19121
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
