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1648 S 16th St

Philadelphia PA 19145

4
2896 sq. ft.
992 sq. ft.
Duplex
Currently for sale - view listing

Overview

Beautifully Maintained, Fully Occupied, Triplex with C-1 Commercial Space on 1st-Floor. The first floor is currently operated as a yoga studio. Previous uses were daycare centers operated by different operators. Petitioning for a C-2 variance providing for a coffee house or takeout foodery would yield a highly profitable business opportunity in this neighborhood location. The second and third floors feature beautifully appointed 2 bedroom/1-bathroom apartments with in-unit laundry, separate utilities, and strong rental histories. Located on two transit lines, brings excellent visibility to this property, both for commercial businesses as well as renters. Strong potential for rental increases will bring increased valuation in the years to come. BONUS: Tax abatement runs through 2030!

Features

4 bedrooms
2896 sq. ft. floor area
992 sq. ft. lot size
Duplex

Property history for 1648 S 16th St

2022
Sold
$635,000
27 Apr 2022 by Jim Robertson, of OCF Realty LLC
2018
Sold
Undisclosed
01 Apr 2018

Happy sellers in Philadelphia

<50%
Less than 50% of sellers in Philadelphia reported that their sale price either exceeded or met their price expectations.

Philadelphia stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Philadelphia over the last 12 months.

Local market activity for 4 bedroom duplexes in Philadelphia

In the last 12 months, 11 four-bedroom duplexes similar to 1648 S 16th St, have been sold.

This represents a 83% decrease in four-bedroom duplexes sales when compared to the previous 12 months.

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(619) 566-0008
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