2538 N 16TH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19132
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,590 sqft
Price per Sqft $180
Subdivision None Available
MLS Listing ID PAPH2505962
Style Traditional
Bedrooms 5
Full Baths 3
Year Built 1915
Annual Tax Amount $2,556
Tax Year 2024
Lot Size 990 Sqft
Property Sub-Type Interior Row/Townhouse
Property Description
Investment Property with Strong Cash Flow
Fully rehabbed 5-bedroom, 3-bath property is a prime investment opportunity. With a long-term tenant in place paying $3307.50/month, and a scheduled 5% rent increase on July 1st, 2025 (and annual 5% increases thereafter). This property offers excellent income stability and growth potential.
The home features modern renovations throughout, including updated kitchens and bathrooms, new flooring, and upgraded systems—ideal for investors seeking a low-maintenance, high-yield asset. This is a rare chance to acquire a cash-flowing property.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Rooms
Other Rooms Living Room,Kitchen,Laundry
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s)
Exterior
Water Access N
Building
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Conventional,Private
Listing Terms Cash,Conventional,Private
Special Listing Condition Standard