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About This Home
This 0-bedroom, 0-bathroom other at 1844 N 16TH Street in Philadelphia, PA is listed for $399,900. Built in 1915, on a 0.03 acres lot.
Investor Alert! 24-hour notice required for all showings. Currently operating as a 6-bedroom, 2.5 bath rental, the property generates $4,200 per month ($50,400 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one.
Offering a nearly 9% cap rate. This property is that it is a legal six-unit rooming house with grandfathered zoning rights, making it a 6-unit building by right. This designation creates significant future value-add potential for the next owner. Subject to buyer due diligence.
The property benefits from its premier location just steps from Temple University's main campus. Positioned in the heart of the university's most desirable off-campus housing district and within campus patrol zone. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078 and PAPH2637494
Key Features
- Built in 1915
- 0.03 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1844 N 16TH Street
Philadelphia, PA 19121
TEMPLE UNIVERSITY
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom other at 1844 N 16TH Street is listed at $399,900. The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.
Key features include: Built in 1915, 0.03 acre lot.
This property is listed by Michael Coleman and can be reached at 4849426266 or mikecolemanrealestate@gmail.com.
