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Listing 13 out of 6,668
$750,000 Active Under Contract

720 N 16th Street
Philadelphia, PA 19130

Multi Family Home
871 sq ft - MLS# PAPH102360
Property Photo
1/20

Description

PRICED TO SELL! This is a rare opportunity to own a true turn-key and high performing zoned Triplex in Francisville, complete with 8 years left on the tax abatement. This building was completely gutted and rebuilt 2 years ago with all the latest modern finishes and maintenance-free tile floors throughout. Highest quality tenants in place and strong leases with 60 day notice clause. Building has been meticulously maintained with a cleaning service and HVAC service contracts that will transfer. Tenants pay electric (separate), owner pays water. No Gas! All units are 2br/1ba with in-unit Laundry. Unit 1 (1595) features All Tile Floors, Dedicated Central HVAC, Dedicated HW, Granite and Stainless Steel Kitchen with Soft Close Cabinets, Custom Tile Bath, and sole access to a massive side yard that spans the length of the building. Unit 2 (1525) has a similar layout to Unit 1, but with Larger open kitchen and living room. Unit 3, the Penthouse, (1650) has a fabulous open kitchen and living room, and a separate laundry room. The common access basement includes tile floors, finished walls and ceilings, and a locked and dedicated storage room for each apartment. Building also includes a Audio and Video Intercom system. Discounted Property Management Services available for a true turnkey investment.

Features

  • Property Type: Multi Family Home
  • Sub Type: Triplex, Row/Townhouse
  • Listing Status: Active Under Contract
  • County/Area: Philadelphia County
  • Zip Code: 19130
  • Year Built: 1936
  • Subdivision/Neighborhood: Francisville
  • School District: The School District Of Philadelphia
  • Sq.Ft.: 2,400 sq ft
  • Basement: Yes, Full, Fully Finished
  • Lot Size: 871 sq ft
  • Zoning: R-2
  • Above Grade Fin SQFT: 2,400
  • Above Grade Fin SQFT Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Annual Gross Expense: 2841.00
  • Annual Rental Income: $57240.00
  • Appliances: Dishwasher, Disposal, Dryer - Electric, Intercom, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Building Area Units: Square Feet
  • Building Total SQFT: 2,560
  • Building Total SQFT Source: Estimated
  • Building Units Total: 3
  • Cap Rate: 6.54
  • Central Air Y/N: Yes
  • Construction Materials: Stucco, Brick
  • Cooling: Electric
  • Cooling Type: Central A/C
  • Electric Avg / Month: 35.0
  • Electric Previous 12 Months: 420.00
  • Electric Service: 200+ Amp Service
  • Exclusions: Dehumidifier In Basement
  • Exterior Features: Sidewalks, Street Lights
  • Flooring Type: Tile/Brick
  • Foundation Details: Concrete Perimeter
  • Gross Income: $57240.00
  • Heating: Electric
  • Heating Type: Electric, Forced Air
  • Heating Y/N: Yes
  • Hot Water: Electric
  • Improvements: Above Grade
  • Inclusions: 3 Sets Of Washer And Dryer, 3 Sets Of Kitchen Appliances
  • Income Includes: Apartment Rentals
  • Insurance Expense: 2085.00
  • Interior Features: CeilngFan(s), Kitchen - Island, Recessed Lighting, Combination Dining/Living, Intercom, Kitchen - Gourmet
  • Land Use Code: U50
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Lot Dimensions: 24X65
  • Lot SQFT: 1,560
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Main Entrance Orientation: East
  • Maintenance Expense: 1200.00
  • Municipal Trash Y/N: Yes
  • Municipality: Philadelphia
  • Net Operating Income: 49044.00
  • Operating Expense: 1620.00
  • Operating Expense Includes: Insurance, Trash
  • Original Listing ID: 7277925
  • Other Units: Unit 1, Unit 2, Unit 3
  • Owner Pays: Water
  • Ownership Interest: Fee Simple
  • Parking Features: Public
  • Photo Option: Lister Will Upload All
  • Property Condition: Average+Prop
  • Roof: Flat
  • Room Count: 15
  • Room List: Master Bedroom
  • Security Features: Intercom, Carbon Monoxide Detector(s), Fire Detection System, Smoke Detector
  • Selling Agent: Yulin Zheng
  • Selling Office: Realty Mark Cityscape
  • Sewer Septic: Public Sewer
  • Storage: Basement
  • Tax Annual Amount: 2841.0
  • Tax Year: 2018
  • Total Finished SQFT: 2,400
  • Total Finished SQFT Source: Estimated
  • Total SQFT Source: Estimated
  • Trash Expense: 300.00
  • Two Bedroom Units Count: 3
  • Type Of Parking: On Street
  • Units Leased Count: 3
  • Water Avg / Month: 100.0
  • Water Previous 12 Months: 1200.00
  • Water Source: Public
  • Window Features: Double Pane
  • Year Built Source: Estimated
  • Year Major Renovation/Remodel: 2015
Courtesy of Keller Williams Philadelphia

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Len DeFinis Jr. | 215-681-3259 | Contact Me
9622 Bustleton Ave Ste1 - Philadelphia, PA 19115
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