1242 N 16TH STREET

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Address: 1242 N 16th St, Philadelphia, PA 19121, USA
Created date: February 4, 2025
Date last updated: February 8, 2025

Property Description

Rare Investment Opportunity in Francisville/Sharswood!! Discover one of the largest triplexes in the Francisville/Sharswood area, offering over 4,100 square feet of space and a coveted private 3-car parking setup. This 10-bedroom, 6-bathroom property is a standout with steady cash flow, excellent tax shelter benefits, and significant appreciation potential. Conveniently located near Temple and Girard Colleges, the property is fully rented, generating $57,000 annually, with the potential for even greater income when Units 2 and 3 become available for new leases in July. Each unit is designed for tenant convenience: Unit 1 features 2 beds/2 baths, while Units 2 and 3 each offer 4 beds/2 baths. The building features hardwood and tile throughout, stainless steel appliances, cherry oak cabinets, granite counters and 10-foot kitchen islands in Units 2 & 3. Built in 2011, the property has been impeccably maintained by the current owner, with tenants responsible for all utilities, including water fees. This is a rare chance to own a high-income-producing property in a prime location—don’t miss it!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $815,000
No. of Units: 3
Year Built: 2011
Lot Size: 4,256.00 Sq ft
Opportunity Zone: No
Price per unit: $271,667
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 1242 N 16TH STREET, PHILADELPHIA, PA 19121, USA
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