PA > Philadelphia > Temple University
Philadelphia, PA 19121,1534 N 16TH ST
Philadelphia, PA 19121,1534 N 16TH ST
Philadelphia, PA 19121,1534 N 16TH ST
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$6,999,999
Est. payment /mo
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6,913 Sqft Lot
Active

1534 N 16TH ST Philadelphia, PA 19121

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Zack Grimmer

Zack Grimmer

+1(215) 667-0238

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Temple University

MLS Listing ID PAPH2413976

Year Built 1950

Available Date 2024-11-15

Annual Tax Amount $11,198

Tax Year 2025

Lot Size 6,913 Sqft

Acres 0.16

Lot Dimensions 40.00 x 173.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

PRICE IMPROVED BY $499K: Owl's Nest Apartments @ Temple University. This best-in-class furnished apartment building with 69-beds has been renovated from top-to-bottom with excellent proximity to Philadelphia's largest university by enrollment, as well as the booming North Broad District, Fairmount and Francisville neighborhoods. With 28 units (1's, 2's and 3's) plus common amenities, Owl's Nest Apartments is poised to become a legacy asset at Temple — insulated by perennial rental demand in a high-growth / appreciating location. Located just a few blocks from Main Campus, as well as Septa's North Broad subway line, The Property boasts tremendous curb appeal and visibility. Each apartment is fully furnished—truly plug-and-play turnkey rentals. Amenities include study rooms, fitness center, Amazon dropbox and resident lounge. Utilities (and wifi) are included in the rent. Purchase this exceptional multifamily real estate in a Top-10 USA MSA. 10 year tax abatement (pay taxes based on assessed land value rather than improved value), low maintenance and operating costs. Enquire within for financials.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split

Flooring Luxury Vinyl Plank

Heat Source Electric

Exterior

Water Access N

View City

Accessibility Ramp - Main Level

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881146641

Ownership Fee Simple

Security Features Exterior Cameras

Special Listing Condition Standard

Bright MLS (BMLS)

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Zack Grimmer

Zack Grimmer

Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849

+1(215) 667-0238

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1534 N 16TH ST