331 S 16TH ST, Philadelphia, PA, 19102

This magnificent Historic property was converted into 6 apartments. Because it is an "End of Row" situated on Panama Street (between Pine and Delancey Streets) it enjoys extra windows, light and cross-ventilation. The location is fabulous! Do not miss this opportunity to be the new owner. It was last available in 1983! Rents are below market, but most leases are up for renewal/change on 7/31/2022, (subject to 90 Days Notice or automatic one-year Renewals). NOTES: 1. This is an Estate. There will not be a Seller Disclosure. 2. An Owner/heir and the Property Manager hold PA. REAL ESTATE LICENSES. 3. A Rent Roll can be delivered by E-mail. Verify that it is current before making an offer, or require it and/or Leases in your Purchase Offer. 4. There is the possibility to combine this listing with up to 9 additional Investment Properties and a vacant lot. It is a package that took FIVE decades to acquire. Contact the Listing Agent for details. 5. Owner will consider a Buyer's 1031 Tax Free Exchange. 6. Buyers MUST SUPPLY PROOF OF FUNDS along with a description of payment method and preferred Timelines before being given access to any occupied units. Current showings are only of Vacant apartments and Basement. 7. It might be possible to convert the back yard into a parking space, (neighbors along the Common Alley have managed to make parking).