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802 N 16TH ST Philadelphia, PA 19130
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Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,747 sqft
Price per Sqft $194
Subdivision Francisville
MLS Listing ID 1002496952
Sold Date 05/20/16
Style Other
HOA Y/N N
Abv Grd Liv Area 3,747
Originating Board TREND
Year Built 1920
Annual Tax Amount $2,548
Tax Year 2016
Lot Size 1,499 Sqft
Acres 0.03
Lot Dimensions 19X81
Property Description
Investor Alert: Prime income-producing location in hot Francisville/Art Museum area. Completely renovated three-unit apartment building (7 beds total) cash flowing $5,545 per month. Yes, $66,540/year AND low expenses at less than $500 per month! FULL TEN YEARS REMAINING ON TAX ABATEMENT. Separate utilities (including water), fire safety monitored system and new French drain system with sump pumps in basement. Every detail the current market demands including: Hardwood floors, custom closets, tiled baths, roof deck with unparalleled skyline view, backyard, Juliet balcony, quartz counters, stainless appliances, new windows/insulation/drywall/electric/HVAC/plumbing, etc. Separate central air/heat and washer/dryer in each unit. New front brick exterior and new rear stucco. Property's location and interior design created an environment today's tenants desire, allowing owner to secure high-quality tenants. Minutes from Art Museum, Center City, Temple University and much more. #2 bus runs up/down 16th/17th Streets. Broad Street Subway only two blocks away. Seller has the possibility to provide the new owner with one vacant apartment for the buyer to live in if it is desired by the buyer.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full, Drainage System
Interior
Interior Features Ceiling Fan(s), Sprinkler System
Hot Water Electric
Heating Gas, Zoned
Cooling Central A/C
Fireplace N
Window Features Energy Efficient
Heat Source Natural Gas
Laundry Washer In Unit, Dryer In Unit
Exterior
Utilities Available Cable TV Available
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 151023610
Ownership Fee Simple
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Bought with Seth C Brodsky • Realty Mark Associates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "