Thank you
Yuhoi Lam
Canaan Realty Investment Group
215-333-1826
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.
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Water Source : Public
Basement Description: Fully Finished
Cooling: Central A/C
Heating: Hot Water
Cooling Fuel: Natural Gas
Heating Fuel: Natural Gas
Year Built: 1915
Structure: End of Row/Townhouse
New Construction: No
Total Units: 3
Built: 1915
Construction Material: Masonry
Foundation/Basement: Permanent
Architecture: Straight Thru
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 2,051
Dimensions: 18.00 x 119.00
Lot Size (Acres): 0.05
Architectural Style: Straight Thru
Main Square Feet: 2,051
SQ ft: 4,608
SQ ft (Living Area): 4,608
Total Lot SQ ft: 2,051
Appx. Lot Dimensions: 18.00 x 119.00
Total Acreage: 0.05
New Construction: No
Type: Straight Thru
Possession: Immediate
Days Of Market: 72
Annual Tax: $15,273
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Immediate
Taxes Assessment Amount: $1,091,100
Total Parking Spaces: 3
Parking Type: Detached Garage
Has Garage: Y
Garage Type: Garage Door Opener
Garage Space: 3
# of Detached Garage Spaces: 3
Direction: W Girard ave and North 16th Street
School District: PHILADELPHIA CITY
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Natural Gas
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Direction: W Girard ave and North 16th Street
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
719 N 16th Street , Philadelphia, PA,19130 | $1,950,000 | -- | -- | -- | 1660 Sqft |
2100 Hamilton Street .., Philadelphia, PA,19130 | $16,000,000 | 3 | 3.5 | -- | -- |
2100 Hamilton Street .., Philadelphia, PA,19130 | $4,395,000 | 3 | 3.5 | -- | -- |
1729 Francis Street , Philadelphia, PA,19130 | $1,790,000 | -- | -- | -- | 1650 Sqft |
840 N 19th Street #A, Philadelphia, PA,19130 | $575,000 | 4 | 2.5 | 2,565 | -- |
1711 Francis Street , Philadelphia, PA,19130 | $508,900 | 4 | 2.5 | -- | 1900 Sqft |
1808-12 Wylie Street , Philadelphia, PA,19130 | $1,350,000 | -- | -- | 5,600 | 5600 Sqft |
1808-12 Wylie Street , Philadelphia, PA,19130 | $1,350,000 | -- | -- | -- | 5600 Sqft |
1743 Cambridge Street #B, Philadelphia, PA,19130 | $425,000 | 3 | 3.0 | -- | -- |
761-65 N 26th Street , Philadelphia, PA,19130 | $2,999,000 | 3 | 2.5 | 3,820 | 6086 Sqft |
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ByOwner last updated this listing 05/12/2024 @ 02:09
MLS: PAPH2321054
LISTED BY: Yuhoi Lam , Canaan Realty Investment Group
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.