The heavy lifting has already begun at 5345 N. 16th Street, creating an excellent opportunity for investors and value-add buyers. Several major capital improvements have already been completed, including an updated roof, electrical system within the past 10 years, along with several replacement windows, and a brand new hot water heater. With many of the costly mechanical items already addressed, the next owner can focus on cosmetic updates and modernization to maximize value and make the property their own.
This spacious four-bedroom, one-and-a-half-bath Fern Rock rowhome offers a functional layout with generous living spaces throughout. A sizable front yard provides plenty of room for gardening or enhancing curb appeal before leading into the enclosed front porch. Inside, you'll find a large living room with a fireplace, a dedicated dining room, and an open kitchen ready for your vision. The second floor features four well-proportioned bedrooms and a full bathroom, while the basement offers additional storage space and a convenient half bath.
One of the property's standout features is its location directly across from Wakefield Park. With no homes on the opposite side of the street, residents enjoy added privacy, open views, and abundant street parking. The rear driveway provides two off-street parking spaces, a valuable amenity for both homeowners and future tenants.
The surrounding area continues to demonstrate strong resale potential, with a recently renovated property on the same block selling for $350,000, highlighting the potential ARV available to the next owner. Conveniently located just minutes from LaSalle University, Einstein Medical Center, Central High School, and the Olney Transportation Center, 5345 N. 16th Street is well-positioned for a fix-and-flip, long-term rental, or owner-occupant looking to build equity in a growing Philadelphia neighborhood. Property being sold in as-is condition.
