651 N 16th St, Philadelphia, PA 19130

$1,199,000
3,279
SqFt

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List Price
$1,199,000
Days on Market
3
Status
ACTIVE
MLS#
PAPH2688946
Living Area
3,279
Lot Size (Acres)
0.05
Style
Straight Thru, Apartment
Year Built
1925
County
Philadelphia
School District
The School District Of Philadelphia

Property Description

FAIRMOUNT | ART MUSEUM AREA: A distinctive three-unit investment property in one of Philadelphia's most desirable neighborhoods. Built in 1925, 651 N. 16th Street combines architectural character with updated interiors and established rental income. Three occupied residences feature high ceilings, large windows, modern kitchens and baths, and quality finishes. Additional features include a private rear yard, two Juliet balconies, a rooftop deck with pilot house access, and garage parking. Convenient to Fairmount's restaurants, cafés, neighborhood shops, museums and cultural attractions. Currently generating $8,200 per month in rental income, with all three apartments leased through summer 2027. An opportunity to acquire an income-producing property with distinctive features and a strong neighborhood location. Approved for tax abatement. All income and expenses need to be verified by buyer.

Additional Information

Area
19130 (19130)
Subdivision
Fairmount
School District
The School District Of Philadelphia
Flooring
Hardwood, Simulated Wood, Brick
Exterior Features
Lighting, Outbuildings, Roof Deck, Sidewalk, Street Lights
Heating
Heat Pump
Cooling
Central Air, Heat Pump
Roof
Fiberglass
Water
Public
Sewer
Public Sewer
Basement
Full

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Listing courtesy of KW Empower. Contact: