5651 N 16TH ST, Philadelphia, PA 19141

• 2,000 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

Market Force Realty : 8669938585

Listing Agent:

Vardgas Oganisean : 2159667772

MLS ID:

PAPH2525778

Interior

• A/C: Ceiling Fan(s)Window Unit(s)
• Heating: Hot WaterNatural Gas
• Disability Feature: 2+ Access Exits

Exterior

• General: Above GradeBelow Grade
• Style: Colonial

Construction

• General: MasonryStone

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA5172125300

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Vardgas Oganisean, Market Force Realty