Investor Alert! 24-hour notice required for all showings. Currently operating as a 6-bedroom, 2.5 bath rental, the property generates $4,200 per month ($50,400 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. Offering a nearly 9% cap rate. This property is that it is a legal six-unit rooming house with grandfathered zoning rights, making it a 6-unit building by right. This designation creates significant future value-add potential for the next owner. Subject to buyer due diligence. The property benefits from its premier location just steps from Temple University's main campus. Positioned in the heart of the university's most desirable off-campus housing district and within campus patrol zone. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078 and PAPH2637494

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Andrew Crawford

Mike Lattari

Jerry Mark

Christian Campbell

Ethan Beiler

Beiler-Campbell Commercial Division

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Property Details of 1844 N 16th Street

Property Details

Basic Information

Building

Location

Finance

Utilities and Appliances

Utilities and Appliances

Community

Area

Map Location

Hi there! How can we help you?

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