Investor Alert! 24-hour notice required for all showings. Currently operating as a 7-bedroom, 2.5-bath student rental, the property generates $4,900 per month ($58,800 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. This property is that it is a legal four-unit rooming house with grandfathered zoning rights, making it a 4-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. The property also features a private roof deck, one of the most sought-after amenities in the Temple University rental market. Roof decks continue to command strong tenant interest and help differentiate properties from competing inventory, supporting long-term rentability and occupancy. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058 and PAPH2635078
Listed By
Agency Name: Keller Williams Realty Devon-Wayne
Agency Phone: 6106478300
Shown By
Agency Title: Real Estate Excel, The Baringer Group, Ltd.
Agency Phone: 215-536-9550
Estimated Payment
$ 1,589.11 per month $1,112.56 Principal & Interest $330.75 Property Tax $145.80 Homeowner's Insurance
1842 N 16th Street | MLS# PAPH2637494
This multi-family property located at 1842 N 16th Street , Philadelphia, PA 19121 is currently listed for sale with an asking price of $499,900. N 16th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.reexcelpros.com today.