About 1534 N 16th St
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 furnished—truly 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.
Features of 1534 N 16th St
| MLS® # | PAPH2413976 |
|---|---|
| Price | $6,999,999 |
| Bathrooms | 0.00 |
| Square Footage | 21,120 |
| Acres | 0.16 |
| Year Built | 1950 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 1534 N 16th St |
|---|---|
| Area | 19121 |
| Subdivision | TEMPLE UNIVERSITY |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19121 |
Amenities
| View | City |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Wall Unit |
|---|---|
| Cooling | Ductless/Mini-Split |
Exterior
| Exterior | Masonry |
|---|---|
| Lot Description | Corner |
| Construction | Masonry |
Additional Information
| Date Listed | November 15th, 2024 |
|---|---|
| Days on Market | 355 |
| Zoning | RM1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Liberty Place |
|---|---|
| Contact Info | 6093995454 |