913 North 16th Street
$1,200,000
—
4,608
4,608
$260
Closed 6/27/24
Description
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...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.
- Listed by Yuhoi Lam • Canaan Realty Investment GroupP: (267)-221-0988 phillyrealtorblake@gmail.com
Property Details for 913 North 16th Street
Tax ID Number
471210100
OwnershipFee Simple
Structure TypeEnd of Row/Townhouse
StyleStraight Thru
WaterfrontNo
GarageYes
MunicipalityPHILADELPHIA
Total Parking Spaces3
LISTING UPDATED: 09/23/2024 09:22 PM
Property Details for 913 North 16th Street
Status | Closed |
---|---|
MLS # | PAPH2321054 |
Days on Market | 128 |
Taxes | $15,273 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1915 |
Lot Size | 0.05 AC / 2,051 SF |
County | Philadelphia County |
Building Information for 913 North 16th Street
Stories-Residences3Year Built1915Building Size-Lot Size0.05 AC / 2,051 SF
Property Information for 913 North 16th Street
Property History for 913 North 16th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 913 North 16th Street
Taxable ValueLand$218,220Additions$872,880Total$1,091,100
Tax Record2023$15,273 ($1,273 / month)
Home Facts
Total Finished SqFt4,608 SqFtAbove Grade Finished SqFt4,608 SqFtStories3Lot Size2,051 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRM1CountyPHILADELPHIAAPN47-1-2101-00
Schools near 913 North 16th Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 5 to 12 |
Rating | School | Distance |
---|---|---|
Meade Gen George C School PublicPK to 8 | ||
Vaux HS: A Big Picture School Public9 to 12 | ||
Franklin LC Public9 to 12 | ||
Masterman Julia R Secondary School Public5 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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