Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

959 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

3301-3303 N 16th St

21 Unit Block of Flats £637,697 (£30,367/Unit) 8% Net Initial Yield Philadelphia, PA 19140

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Executive Summary

Calling all seasoned turnkey investors! A large fully occupied, permitted and licensed 6-unit property boasting $7860 in monthly rents and 8% cap rate is now available. This property features ample street parking, front porch, side yards and rear patio on the exterior. On the interior, sprinklers, separate utilities, updated kitchens, updated bathrooms, fully functional floor plans and spacious bedrooms with tons of closet space. And finally, its conveniently located on Temple University's Medical Campus, surrounded by large capital investment and is close to all transportation including but not limited buses, subways, the Roosevelt Boulevard, 76 and 95 making your commute in and out of the city a breeze. So what are you waiting for? Hurry because this opportunity wont last!!

Property Facts

Price	£637,697	Building Class	C
Price Per Unit	£30,367	Lot Size	0.07 AC
Sale Type	Investment	Building Size	3,420 SF
Net Initial Yield	8%	Average Occupancy	100%
No. Units	21	Number of Floors	3
Property Type	Residential	Year Built	1939
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£637,697
Price Per Unit	£30,367
Sale Type	Investment
Net Initial Yield	8%
No. Units	21
Property Type	Residential
Property Subtype	Apartment
Building Class	C
Lot Size	0.07 AC
Building Size	3,420 SF
Average Occupancy	100%
Number of Floors	3
Year Built	1939
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.