3535 North 16th Street
3535 North 16th Street
$575,000
—
2,940
2,940
$196
Closed 7/11/19
Description
Fully-leased modular construction multifamily buildings on the booming North Broad Corridor at Temple University Hospital. Three units in total with 6 beds. All units are 2bd x 2ba and the lower level units include full basements which can be used for additional rental income. Modern interiors and appliances, high ceilings, and energy efficient building systems. Dedicated building management and leasing. Built in 2017 as new construction using efficient and dynamic modular construction techniques....Fully-leased modular construction multifamily buildings on the booming North Broad Corridor at Temple University Hospital. Three units in total with 6 beds. All units are 2bd x 2ba and the lower level units include full basements which can be used for additional rental income. Modern interiors and appliances, high ceilings, and energy efficient building systems. Dedicated building management and leasing. Built in 2017 as new construction using efficient and dynamic modular construction techniques. 8 years left on tax abatement. Extremely low operating expenses and strong rental appreciation in this growing submarket located just a 5-minute walk from SEPTA Broad St subway connecting directly into Center City Philadelphia. Located in Qualified Opportunity Zone with millions of SF in new development planned and in active stages from some of the most notable real estate developers in the city and the USA. Extremely strong rental demand from world-class employer TU Hospital with over 5500 high skilled/paid employees in need of high quality rental housing. Tenants are waitlisted to fill these buildings. Pro forma investment approach calls for 7% rental increases annually which boosts the NOI from around 43K to 50K, or from 6.9% to 7.5%. Less than 1mile from Amtrak's North Philadelphia Station redevelopment which calls for 1.7M SF of new homes, research labs, and offices. Additional projects include the redevelopment of the historic Uptown Theater and Beury Building and hundreds of units in urban infill new development. Available immediately. Tenant-occupied properties. 24hr notice required to tour.
Listing Agent
Property Details for 3535 North 16th Street
Tax ID Number
112199910
OwnershipFee Simple
HOANo
Structure TypeDetached
StyleStraight Thru
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Location
LISTING UPDATED: 11/25/2023 05:14 PM
Property Details for 3535 North 16th Street
Status | Closed |
---|---|
MLS # | PAPH728370 |
Days on Market | 115 |
Taxes | $735 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2017 |
Lot Size | 0.04 AC / 1,880 SF |
County | Philadelphia County |
Location
Building Information for 3535 North 16th Street
Stories-Residences3Year Built2017Building Size-Lot Size0.04 AC / 1,880 SF
Payment Calculator
$3,199 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3535 North 16th Street
Property History for 3535 North 16th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3535 North 16th Street
Taxable ValueLand-Additions-Total-
Tax Record2023$2,891 ($241 / month)
Home Facts
Total Finished SqFt2,940 SqFtAbove Grade Finished SqFt2,940 SqFtStories3Lot Size1,880 SqFtStyleMulti-Family Dwelling (2-4)Year Built2017ZoningRSA5CountyPHILADELPHIAAPN11-2-1999-10
Schools near 3535 North 16th Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 5 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Middle Years Alternative School Public5 to 8 | ||
Arts Academy at Benjamin Rush Public9 to 12 | ||
Swenson Arts & Technology High School Public9 to 12 | ||
Motivation High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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