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Danielle Wateridge

danielle.wateridge@gmail.com +1(703) 639-8869

$ 8,750,000

Est. payment -/mo

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1534 N 16TH ST Philadelphia, PA 19121

21,120 SqFt

UPDATED:

10/25/2024 08:32 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 21,120 sqft

Price per Sqft $414

Subdivision Temple University

MLS Listing ID PAPH2413976

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $11,198

Tax Year 2024

Lot Size 6,913 Sqft

Acres 0.16

Lot Dimensions 40.00 x 173.00

Property Description

INTRODUCING: Owl's Nest Apartments @ Temple University. This best-in-class furnished apartment building has been renovated from top-to-bottom with excellent proximity to Philadelphia's largest university by enrollment, as well as the booming North Broad District, Fairmount and Francisville neighborhoods. With 28 units (1's, 2's and 3's) plus common amenities, Owl's Nest Apartments is poised to become a legacy asset at Temple — insulated by perennial rental demand in a high-growth / appreciating location. Located just a few blocks from Main Campus, as well as Septa's North Broad subway line, The Property boasts tremendous curb appeal and visibility. Each apartment is fully furnished—truly plug-and-play turnkey rentals. Amenities include study rooms, fitness center, Amazon dropbox and resident lounge. Utilities (and wifi) are included in the rent. Purchase this exceptional multifamily real estate in a Top-10 USA MSA. 10 year tax abatement (pay taxes based on assessed land value rather than improved value), low maintenance and operating costs. Enquire within for financials. Coming soon...

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split

Flooring Luxury Vinyl Plank

Heat Source Electric

Exterior

Waterfront N

Water Access N

View City

Accessibility Ramp - Main Level

Parking Type None

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881146641

Ownership Fee Simple

SqFt Source Assessor

Security Features Exterior Cameras

Special Listing Condition Standard

Listed by Ryan J McManus • Keller Williams Liberty Place

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