3535 N 16th St, Philadelphia, PA 19140

This triplex comes with a 10 year full tax abatements; the abatement was never applied when the building was originally bought. The taxes are $1,875 a year and the abatement will run for ten years. The seller’s expediter worked with the city to apply the abatement this year which will run for the next ten years. Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% cap rate. Welcome to 3535 N. 16th St., a high-demand rental property in the thriving North Broad Corridor, just steps from Temple University Hospital. This fully leased multifamily building features three spacious units (each with 2 beds and 2 baths), totaling six beds, with lower-level units offering full basements for added rental potential. Built in 2017 using efficient modular construction, this energy-efficient property boasts modern interiors, high ceilings, and contemporary appliances. Dedicated management and leasing ensure hassle-free ownership, while a remaining tax … read more …