827 16th Street
Philadelphia, PA 19130
MLS #7091834

Multi-Family
  • 6units
  • 14beds
  • 10+4½baths
  • 0.03acres
  • 6,899sq ft
ACTIVE $2,000,000
Est. P&I payment: $7638.64/mo
827 16th Street, Philadelphia, PA 19130
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Description for 827 16th Street, Philadelphia, PA 19130
Add this gem to your real estate portfolio with pride! Amazing newly constructed 6 unit apartment building with condominium grade finishes in the fast appreciating neighborhood of Francisville! Located a few short blocks to Broad Street Subway, Septa Buses and nightlife like, Osteria and Alla Aspina restaurants, this location is prime for drawing multiple solid rental bases! All units offer brand new condominium grade finishes throughout with custom painted accent walls in each room. High end two toned kitchen cabinets with ribbon trims surround the stainless steel appliances, glass cook top ranges, and stainless ventilation hoods. All kitchens offer 3-5 person island seating! All flooring from 1st to 3rd floors is Brazilian cherry hardwood, and finished basement areas are tiled with wood grain 3" x 9" ceramic tile. Each unit offers plenty of closet space / walk in's! and additional storage space! Other features include, controlled camera entry systems, central air, private outdoor spaces for each unit with roof deck views of the city skyline, stacked full sized washer/dryers in each unit! Property is currently set up as a six unit condominium building however the seller is willing to terminate condominium upon accepted qualified offer. Property is approved for a full ten year tax abatement. New construction is booming in every immediate direction of this property, get in now while the barriers to entry are still affordable! Projected rents are based off of surrounding market rents.Property has two entrances for three units each - 826 & 828 n 16th Street.
MLS #7091834
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My Notes for MLS #7091834

General Features

  • Property Type: Multi-Family
  • Building Floors: 3
  • Design: AptBldg
  • Entrance: Foyer,​CommonEntr,​SecuredEntr,​Intercom
  • Floor: Wood,​Tile/Brick
  • Gross Square Feet: 6,899
  • Land Square Feet: 1,114
  • Total Units: 6
  • Property Age: 1
  • County: PHILADELPHIA
  • Subdivision: FRANCISVILLE

Exterior Features

  • Water Front: N
  • Exterior: Vinyl Siding,​Brick
  • Exterior Features: Sidewalks,​StreetLights
  • Foundation: Concrete
  • Roof: FlatRoof
  • RFactor Ceilings: R19
  • Has Garage Flag: N
  • Garage Spaces: NoGarage
  • Parking: Street

Interior Features

  • Basement: Y
  • Basement Type: Full,​Fully Finished
  • Interior Features: CeilngFan(s),​CableTVAvail,​SprinklerSys
  • RFactor Walls: R30
  • Three Bedroom Unit Count: 2
  • Two Bedroom Unit Count: 4
  • Baths Full Unit 1: 3
  • Beds Unit 1: 3
  • Unit 1 Interior Sq Ft: 1,660
  • Baths Full Unit 2: 3
  • Beds Unit 2: 3
  • Unit 2 Interior SqFt: 1,660
  • Baths Full Unit 3: 1
  • Beds Unit 3: 2
  • Unit 3 Interior Sq Ft: 826
  • Partial Bath Count Unit 3: 1
  • Beds Unit 4: 2
  • Baths Full Unit 4: 1
  • Unit 4 Interior Sq Ft: 826
  • Partial Bath Count Unit 4: 1
  • Baths Full Unit 5: 1
  • Beds Unit 5: 2
  • Unit 5 Interior SqFt: 883
  • Partial Bath Count Unit 5: 1
  • Baths Full Unit 6: 1
  • Beds Unit 6: 2
  • Unit 6 Interior SqFt: 883
  • Partial Bath Count Unit 6: 1

Utilities Features

  • Central Air: Y

Financial Features

  • Annual Insurance Expense: 2,850
  • Annual Maintanance Expense: 750
  • Annual Water Sewer Expense: 1,500
  • Tax Year: 2017
  • Total Assessment: 45,500
  • Total Taxes: 637

School Features

  • School District: Philadelphia

Miscellaneous Features

  • New Construction: Y
  • Property Condition: Average+Prop
  • Type: MultiBldgs

Location

 
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Directions to 827 16th Street, Philadelphia, PA 19130
North on 16th Street past Parrish on left hand side of street. Double property/
The listing information for 827 16th Street, Philadelphia, PA 19130 was graciously provided by our friends at the listing brokerage, Addison Real Estate Company Inc

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P&I Payment $7638.64
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Last Updated 01/20/2018 at 9:44am
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