1648 S 16th Street
Philadelphia, PA 19145
Beautifully Maintained, Fully Occupied, Triplex with C-1 Commercial Space on 1st-Floor. The first floor is currently operated as a yoga studio. Previous uses were daycare centers operated by different operators. Petitioning for a C-2 variance providing for a coffee house or takeout foodery would yield a highly profitable business opportunity in this neighborhood location. The second and third floors feature beautifully appointed 2 bedroom/1-bathroom apartments with in-unit laundry, separate utilities, and strong rental histories. Located on two transit lines, brings excellent visibility to this property, both for commercial businesses as well as renters. Strong potential for rental increases will bring increased valuation in the years to come. BONUS: Tax abatement runs through 2030!
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Listed By / Shown By
Listed By
Agency Name: Compass Pennsylvania, LLC
Agency Phone: 2674358015
Shown By
Agent Name: Stefanie Rosado
Agent Phone: (570) 951-6724
Agency Title: Lewith & Freeman
AGENT INFORMATION
Lewith & Freeman Stefanie Rosado (570) 951-6724
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$ 5,359.39 per month $4,720.77 Principal & Interest $396.83 Property Tax $241.79 Homeowner's InsuranceChange Payment Information
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1648 S 16th Street | MLS# PAPH2671842
This multi-family property located at 1648 S 16th Street, Philadelphia, PA 19145 is currently listed for sale with an asking price of $829,000. S 16th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on stef.lewith-freeman.com today.