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Welcome to this exceptional investment opportunity located in the vibrant Temple University area. This property consist of TWO BUILDINGS, a quadplex and a bonus building the back! The quadplex, located on 16th street has 4 units total. Three of the units are completely turnkey and consist of 4 bedrooms, 2 bathrooms, washer/dryer and central air in each unit. They are located on the 1st, 2nd and 3rd floors. The 4th unit is on the lower level (basement) and requires full renovation to turn into another unit. The 2nd floor unit is currently rented out for $2,150. The BONUS building in the back, located on Sydenham street, can be transformed into a 4 unit building. Blueprints are already completed for the 4 unit, offering a clear vision for the potential of this space. Additional possibilities are an ADU or a spacious garage. There is a lot of potential for these properties and the existing tenants will continue to provide cash flow while implementing your value-add. Whether you are looking for a turnkey investment opportunity or a property with customization potential, this property offers both. Don't miss out on this chance to invest in one of Philadelphia's most dynamic neighborhoods. Schedule a showing today!
Property Type(s):
Multi Family
| Last Updated | 1/8/2025 | Year Built | 1915 |
|---|---|---|---|
| Community | 19121 (19121) | County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Price History
| Prior to Apr 15, '24 | $875,000 |
|---|---|
| Apr 15, '24 - Apr 26, '24 | $799,000 |
| Apr 26, '24 - Jun 18, '24 | $749,999 |
| Jun 18, '24 - Nov 25, '24 | $699,999 |
| Nov 25, '24 - Jan 8, '25 | $649,999 |
| Jan 8, '25 - Today | $599,999 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer |
| AREA | 19121 (19121) |
| FIREPLACE | Yes |
| HEAT | Electric, Hot Water |
| LOT | 4356 sq ft |
| LOT DIMENSIONS | 24.00 x 173.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STYLE | Straight Thru |
| TAXES | 8058 |
| WATER | Public |
Location
Listing provided by Mercury Real Estate Group
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 10:19 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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