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2128 N 16TH Street

PHILADELPHIA, PA 19121
  • $520,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: PAPH2038556
UPDATED: 65 min ago
$520,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,178
    SQFT
  • $239
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Description

Welcome to 2128 N. 16th st., This property is being sold as a 3 property, 9-unit package for $1,560,000. The three properties are 2217 N Park Ave, 2252 N Park Ave, and 2128 N 16th. All three properties are located within the highly desirable Temple University submarket. Each property is a triplex consisting of 3 (3 beds 1 bath). The total unit count is 9 units with 27 beds. The rents are all provided in attached PDFs with an overview, value add, financing, and amortization schedule. Current rents are 25% below market value allowing the new owner to increase rents for the 2022-2023 school year which will yield immediate returns. The average unit rent can be increased to $1400. This package is perfect for a seasoned investor looking to add value to their portfolio, grow their Temple University footprint, and or for a new investor looking to get into student housing.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McCallister Myers & Associates. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-08T15:52:58.777.
www.mma.homes/homes/122592725
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2128 N 16TH Street PHILADELPHIA, PA 19121

  • Price: $520,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 65 min ago
  • ID#: PAPH2038556
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,178
SQFT
$239
$/SQFT
1915
Built
Neighborhood:
19121 (19121)
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
Welcome to 2128 N. 16th st., This property is being sold as a 3 property, 9-unit package for $1,560,000. The three properties are 2217 N Park Ave, 2252 N Park Ave, and 2128 N 16th. All three properties are located within the highly desirable Temple University submarket. Each property is a triplex consisting of 3 (3 beds 1 bath). The total unit count is 9 units with 27 beds. The rents are all provided in attached PDFs with an overview, value add, financing, and amortization schedule. Current rents are 25% below market value allowing the new owner to increase rents for the 2022-2023 school year which will yield immediate returns. The average unit rent can be increased to $1400. This package is perfect for a seasoned investor looking to add value to their portfolio, grow their Temple University footprint, and or for a new investor looking to get into student housing.
Exterior Features

Architectural Style Traditional Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Roof Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2178 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 3 Two Bedroom Units 0

Property Features

Acceptable Financing CashConventionalExchangeFha Accessibility Features 2+ Access Exits Assessment Year 2021 Central Air YN Yes Cooling Fuel Electric Existing Lease Type Yearly Foundation Details Permanent Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Original MLSNumber 801122250058 Ownership Interest Fee Simple Possession 31-60 Days CdImmediate Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 1525.00 Tax Assessment Amount 108923.00 Tax Lot 252 Vacation Rental YN No Water Source Public Zoning Rm1

Listing courtesy of Keller Williams Philly.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McCallister Myers & Associates. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-08T15:52:58.777.
 
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McCallister Myers & Associates
1512 E Market Street
York PA, 17403