Philadelphia, PA 19121 1534 N 16Th Street

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Presented By: Keller Williams Liberty Place
  • MLS# PAPH2413976
  • 10/25/2024
  • Request Tour
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  • SQFT • 21,120

Home Details

PRICE IMPROVED BY $499K: Owl's Nest Apartments @ Temple University. This best-in-class furnished apartment building with 69-beds 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 furnishedtruly 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.
Presented By: Keller Williams Liberty Place

Interior Features for 1534 N 16Th Street

Other Interior Features

Central Air Y/NNo
FlooringLuxury Vinyl Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 1534 N 16Th Street

AccessibilityRamp - Main Level
Business TypeApartment Building
Cap Rate7.70
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingDuctless/Mini-Split
CountyPHILADELPHIA
DirectionsSW CORNER OF 16TH AND OXFORD.
HeatingWall Unit
Historic Y/NNo
Location TypeUrban
Lot Size Square Feet6913.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total28
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG331.44
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
Security FeaturesExterior Cameras
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameTEMPLE UNIVERSITY
Tax Annual Amount11198.0
Tax Assessed Value799999.0
Tax Lot153
Tax Year2025
Vacation Rental Y/NNo
ViewCity
Water Access Y/NNo
Year Built1950
Year Built SourceAssessor
ZoningRM1

Exterior for 1534 N 16Th Street

Building Area Total21120.00
Land Assessed Value532670.00
Land Use CodeCA0
Lot Dimensions40.00 x 173.00
Lot FeaturesCorner
Lot Size Acres0.16
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $6,999,999
MLS#PAPH2413976
List Date 10/25/2024
Property Type Commercial
Phone 703.929.4729
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