About 5651 N 16th St
Turnkey Duplex – Fully Occupied with Section 8 Tenants + Basement Studio Potential | $2,300 Gross Monthly Income Excellent cash-flowing investment! This fully occupied legal multifamily duplex features two income-producing units with guaranteed Section 8 rental payments, offering immediate and stable returns. Plus, half of the basement presents a great opportunity to add a third unit - studio apartment which will maximize your ROI. Property Overview: Total Gross Monthly Income: $2,300 Section 8 Approved – Reliable, on-time payments Well-Maintained Building Separate Entrances for Each Unit Basement with Studio Conversion Potential Unit Breakdown: 1st Floor Unit: 2 Bedrooms, 1 Bathroom Spacious living area and eat-in kitchen Well-maintained with stable tenant in place 2nd Floor (3FL including) Unit: 4 Bedrooms, 1 Bathroom Ideal for larger families Bright, open layout with generous space and solid rental history A lot of parking space around the property! This property is perfect for both seasoned and first-time investors seeking reliable cash flow with value-add potential. Reach out today to schedule a showing or request a full rent roll and expense sheet.
Features of 5651 N 16th St
| MLS® # | PAPH2525778 |
|---|---|
| Price | $229,900 |
| Bathrooms | 0.00 |
| Square Footage | 2,000 |
| Acres | 0.10 |
| Year Built | 1925 |
| Type | Multi-Family |
| Sub-Type | Duplex, End of Row/Townhouse |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 5651 N 16th St |
|---|---|
| Area | 19141 |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19141 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Hot Water |
|---|---|
| Cooling | Ceiling Fan(s), Window Unit(s) |
| Fireplace | No |
| Has Basement | No |
Exterior
| Foundation | Stone |
|---|
School Information
| District | PHILADELPHIA CITY |
|---|
Additional Information
| Zoning | RSA5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Market Force Realty |
|---|---|
| Contact Info | (866) 993-8585 |