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$649,000

Beds
1
Baths
1.0
sq ft
2,210

1801 S 16th St, Philadelphia, PA 19145

1801 S 16th St

PHILADELPHIA, PA 19145

  • 121 days on market
    • Price drop $1,000↓
FULLY RENTED! 5-UNIT BUILDING! A prime investment opportunity nestled in the Newbold neighborhood of South Philly. This expansive 5-unit building presents a blend of commercial and residential spaces, ideal for savvy investors seeking to capitalize on the area's growth. Zoned CMX2, this property has a commercial ground floor , turned residential with a finished basement. Above, four meticulously maintained residential units offer comfortable living with each unit featuring one bedroom and one bath, all separately metered for utilities. Each unit has separate meters. All units are currently rented with month to month leases in place, there's significant potential to optimize rental income by bringing rents up to market rates. Expand your rental property portfolio! Reach out to secure the rent roll and schedule a tour of your next investment venture.

Details

Property type

Townhouse

Lot size

1,037 sq ft

Price per sq ft

$294

Year built

1920

Annual property taxes

$4,409

HOA

No

Price History

09/13/2024
Bright

Bright #PAPH2376694

Price change
$649,000
-0.15%
08/15/2024
Bright

Bright #PAPH2376694

Price change
$650,000
-3.7%
07/16/2024
Bright

Bright #PAPH2376694

Listed
$675,000
-3.57%

Schools & Community

Neighborhood: 

Newbold

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Ditech Financial Llc

Loan start date

August 2016

Original loan amount

$223,000

Est. remaining balance

Not provided

Interest rate

3.41%

Loan type

Commercial, 30 year

Seller

Craig Vernon Mclver

Lender

Ditech Financial Llc

Loan start date

August 2016

Original loan amount

$223,000

Est. remaining balance

Not provided

Interest rate

3.41%

Loan type

Commercial, 30 year

Seller

Craing Vernon Mclver

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 11:25 AM

Listing updated: 09/19/2024 at 10:16 PM

Listed by: Monique Perri, KW Empower Phone #: (215) 627-3500

MLS: Bright #PAPH2376694

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