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331 S 16TH Street

PHILADELPHIA, PA 19102
  • $1,875,000
  • STATUS: Active
  • ON SITE: 89 Days
  • ID#: PAPH2085990
UPDATED: 75 min ago
$1,875,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Information

Description

This magnificent Historic property was converted into 6 apartments. Because it is an "End of Row" situated on Panama Street (between Pine and Delancey Streets) it enjoys extra windows, light and cross-ventilation. The location is fabulous! Do not miss this opportunity to be the new owner. It was last available in 1983! Rents are below market, but most leases are up for renewal/change on 7/31/2022, (subject to 90 Days Notice or automatic one-year Renewals). NOTES: 1. This is an Estate. There will not be a Seller Disclosure. 2. An Owner/heir and the Property Manager hold PA. REAL ESTATE LICENSES. 3. A Rent Roll can be delivered by E-mail. Verify that it is current before making an offer, or require it and/or Leases in your Purchase Offer. 4. There is the possibility to combine this listing with up to 9 additional Investment Properties and a vacant lot. It is a package that took FIVE decades to acquire. Contact the Listing Agent for details. 5. Owner will consider a Buyer's 1031 Tax Free Exchange. 6. Buyers MUST SUPPLY PROOF OF FUNDS along with a description of payment method and preferred Timelines before being given access to any occupied units. Current showings are only of Vacant apartments and Basement. 7. It might be possible to convert the back yard into a parking space, (neighbors along the Common Alley have managed to make parking).

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-22T20:49:38.05.
www.newhometeammd.com/homes/126018313
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331 S 16TH Street PHILADELPHIA, PA 19102

  • Price: $1,875,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 75 min ago
  • ID#: PAPH2085990
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1900
Built
Neighborhood:
19102 (19102)
County:
Philadelphia
Area:
19102 (19102)
Elementary School:
Albert M. Greenfield
Middle School:
Albert M. Greenfield Elementary School
High School:
South Philadelphia
School District:
The School District Of Philadelphia
Property Description
This magnificent Historic property was converted into 6 apartments. Because it is an "End of Row" situated on Panama Street (between Pine and Delancey Streets) it enjoys extra windows, light and cross-ventilation. The location is fabulous! Do not miss this opportunity to be the new owner. It was last available in 1983! Rents are below market, but most leases are up for renewal/change on 7/31/2022, (subject to 90 Days Notice or automatic one-year Renewals). NOTES: 1. This is an Estate. There will not be a Seller Disclosure. 2. An Owner/heir and the Property Manager hold PA. REAL ESTATE LICENSES. 3. A Rent Roll can be delivered by E-mail. Verify that it is current before making an offer, or require it and/or Leases in your Purchase Offer. 4. There is the possibility to combine this listing with up to 9 additional Investment Properties and a vacant lot. It is a package that took FIVE decades to acquire. Contact the Listing Agent for details. 5. Owner will consider a Buyer's 1031 Tax Free Exchange. 6. Buyers MUST SUPPLY PROOF OF FUNDS along with a description of payment method and preferred Timelines before being given access to any occupied units. Current showings are only of Vacant apartments and Basement. 7. It might be possible to convert the back yard into a parking space, (neighbors along the Common Alley have managed to make parking).
Exterior Features

Construction Materials Masonry Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling None Heating Forced Air Heating YN Yes Inclusions All Seller Owned Appliances"As is" And "Where is" Net Square Feet 4368.00

Property Features

Acceptable Financing Cash Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel None Elevators 0 Entry Level 1 Heating Fuel Natural Gas Historic YN Yes Hot Water Natural Gas Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 801354610772 Ownership Interest Fee Simple Possession SettlementSubject To Existing Lease Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 12887.00 Tax Assessment Amount 920700.00 Tax Lot 132 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileMetro/Subway Station Less Than 1 MileCommuter Rail Station Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Rm1

Listing courtesy of Elizabeth Campion.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-22T20:49:38.05.
 
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