PHILADELPHIA, PA 19130
$1,199,000
FAIRMOUNT | ART MUSEUM AREA: A distinctive three-unit investment property in one of Philadelphia's most desirable neighborhoods. Built in 1925, 651 N. 16th Street combines architectural character with updated interiors and established rental income. Three occupied residences feature high ceilings, large windows, modern kitchens and baths, and quality finishes. Additional features include a private rear yard, two Juliet balconies, a rooftop deck with pilot house access, and garage parking. Convenient to Fairmount's restaurants, cafés, neighborhood shops, museums and cultural attractions. Currently generating $8,200 per month in rental income, with all three apartments leased through summer 2027. An opportunity to acquire an income-producing property with distinctive features and a strong neighborhood location. Approved for tax abatement. All income and expenses need to be verified by buyer.
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Listed by Nathan S Naness, KW Empower