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Map
$1,157,220*
●
Multifamily -
Off Market
1511 N 16TH STREET
PHILADELPHIA, PA 19121
Studio
0 Bath
4698 Sqft
$990,000 - $1,208,000
Reference Base Price*
5.30%
Since Mar 1, 2022
National-US
Primary Model
About This Property
CALLING ALL INVESTORS!!!!! If your investors are looking for
a Value-add property in the Temple market they have come to the
right place. Welcome to 1511 N 16th St, a beautiful building
close to Temple University in North Philadelphia! This large
property and land run street to street with the main building
hosting 4 Units and the carriage house in the back with
plans designed for 4 additional Units. As of now Unit A
and B are Vacant and Unit C is currently 75% Occupied at $610 a Bed
total Rental income for Unit C is $1,830/month. The 4th
unit, Unit D, is currently Vacant as it requires a complete rehab.
My team already has plan designs and drawings (See Documents
Section) from an architect to turn unit D into a desirable 2
Bed 2 Bath rental and to turn the Carriage house the back
into 4, 1 Bedroom 1 Bathroom apartments. We have an estimated
construction cost of 350K for the project which puts this fully
occupied and developed at a 8.5% Capitalization rate in a great
area. The Seller is willing to pay a full year rent for any
of the Vacant Units in the main building. This is an ideal
property for any new or seasoned investors looking to get into the
Temple Student housing market. Please contact me for plan
designs and drawings for one or both properties. Call or
email me or my co-listing agent for the offering memorandum or just
to hear more information on these incredible investment
opportunity
The manager has listed the unit size as 4698 square feet.
The manager has listed the unit size as 4698 square feet.
Unit Size
4,698Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$234
Property Type
Multifamily
Property Taxes
$462
HOA Dues
-
Year Built
1915
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 2, 2022 | No longer available | - | |
No longer available | |||
Sep 11, 2021 | Price Decreased |
$1,099,000
↓ $1K
(0.1%)
|
|
Price Decreased | |||
Aug 19, 2021 | Relisted | $1,100,000 | |
Relisted | |||
Aug 18, 2021 | No longer available | - | |
No longer available | |||
Jul 30, 2021 | Price Decreased |
$1,100,000
↓ $150K
(12%)
|
|
Price Decreased |
Show More
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
3
Beds
5
Baths
3,600 ft²
$293/ft²
$1,055,000
Feb 23, 2023
$1,055,000
Jun 22, 2023
$100/mo
Townhouse
4
Beds
6
Baths
3,684 ft²
$292/ft²
$1,075,000
Oct 22, 2019
$1,075,000
Dec 9, 2019
-
Townhouse
3
Beds
5
Baths
3,600 ft²
$254/ft²
$915,000
Sep 22, 2021
$915,000
Dec 7, 2021
$100/mo
Townhouse
5
Beds
6
Baths
3,684 ft²
$354/ft²
$1,302,500
Jul 27, 2020
$1,302,500
Oct 27, 2020
-
Townhouse
3
Beds
5
Baths
3,400 ft²
$279/ft²
$950,000
Jun 2, 2015
$950,000
Jun 23, 2015
-
Sold
Townhouse
4
Beds
4
Baths
3,464 ft²
$268/ft²
$930,000
Sep 11, 2019
$930,000
Nov 15, 2019
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/26/2021
|
|
Studio
|
-
|
4698 ft²
|
$1,250,000
Studio
-
4698 ft²
|
-
-
|
-
|
Steve Stafford
Keller Williams Philly
|
03/11/2020
|
|
Studio
|
-
|
4698 ft²
|
$1,100,000
Studio
-
4698 ft²
|
-
-
|
-
|
-
|
Building Info
1511 North 16th Street
1511 North 16th Street, Philadelphia, PA 19121
- 1 Unit for Sale
About North Philadelphia
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