3535 N 16Th St, Philadelphia, PA 19140

Description

This triplex comes with 9 years left of the 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 last year which will run for the next nine years.

Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7% 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), tota...