802 N 16TH ST
Philadelphia, PA 19130

Sold 5/20/2016
  • 3,747
    sq.ft.
Multi-Family Home

Investor Alert: Prime income-producing location in hot Francisville/Art Museum area. Completely renovated three-unit apartment building (7 beds total) cash flowing $5,545 per month. Yes, $66,540/year AND low expenses at less than $500 per month! FULL TEN YEARS REMAINING ON TAX ABATEMENT. Separate utilities (including water), fire safety monitored system and new French drain system with sump pumps in basement. Every detail the current market demands including: Hardwood floors, custom closets, tiled baths, roof deck with unparalleled skyline view, backyard, Juliet balcony, quartz counters, stainless appliances, new windows/insulation/drywall/electric/HVAC/plumbing, etc. Separate central air/heat and washer/dryer in each unit. New front brick exterior and new rear stucco. Property's location and interior design created an environment today's tenants desire, allowing owner to secure high-quality tenants. Minutes from Art Museum, Center City, Temple University and much more. #2 bus runs up/down 16th/17th Streets. Broad Street Subway only two blocks away. Seller has the possibility to provide the new owner with one vacant apartment for the buyer to live in if it is desired by the buyer.

Property Details
  • Philadelphia
    school district
  • $2,548.00
    taxes
  • 1921
    built
  • 3
    stories
  • 6694222
    MLS#
Ceiling fan(s)
Central air
Natural gas heat
Zoned heat
Cable television available
Full basement
School district: Philadelphia
On street parking
Brick exterior
Stucco exterior
Lot acreage is: 0.03
Lot dimension is: 19X81
Subdivision: FRANCISVILLE
Lot zoned: RM1
Public sewer
Public water
Units in building(s): 3
Property style: 1
Tax year: 2016
Bedrooms in unit #1: 3
Bedrooms in unit #2: 2
Bedrooms in unit #3: 2
Baths in unit #1: 2
Baths in unit #2: 1
Baths in unit #3: 1
Courtesy of:
Higgins & Welch Real Estate, Inc

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Name Type GreatSchools
Rating
Distance
Waring Laura W School Pre-School, Elementary School, Middle School / Public 1 0.32 mi.
Franklin Benjamin High School High School / Public 1 0.34 mi.
New Hope Christian Academy * Elementary School, Middle School, High School / Private N/A 0.22 mi.
People For People Cs * Elementary School, Middle School / Public 2 0.18 mi.
Franklin LC * High School / Public 6 0.26 mi.
St Joseph's Preparatory School * High School / Private N/A 0.26 mi.
Address Distance Sale date Sale price
802 N 16TH ST 0 mi. 5/20/2016 $730,000
830 N 16TH ST 0.09 mi. 12/4/2017 $768,000
922-26 N 17TH ST 0.22 mi. 3/30/2016 $680,000
1921 POPLAR ST 0.32 mi. 5/31/2016 $600,000
1918 WALLACE ST 0.35 mi. 9/14/2017 $750,000
2007 MOUNT VERNON ST 0.42 mi. 2/1/2018 $800,000
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802 N 16TH ST, Philadelphia, PA 19130 multi-family home was sold for $730,000.
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Data last updated: 2/23/2018.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.