2233 N 16th St, Philadelphia, PA 19132

Property Description

Welcome to 2233 N. 16th St — a fully renovated, income-producing legal duplex offering investors the opportunity to acquire a TURNKEY ASSET WITH BOTH UNITS ALREADY RENTED AND PRODUCING INCOME FROM DAY ONE! This property consists of two newly renovated bi-level units, each currently rented at $1,695 per month on year-to-year leases, generating a combined gross rental income of $3,390 per month and $40,680 annually. Major improvements have already been completed, including new electrical, plumbing, and mini split systems providing efficient heating and cooling. Both units feature modern kitchens with shaker cabinetry and quartz countertops, updated bathrooms, laundry, and attractive contemporary finishes. With the renovations complete and tenants already in place, much of the heavy lifting has been done for the next owner. Unit 1 is a bi-level unit offering 3 bedrooms and 3 full bathrooms, with exclusive access to the full basement, dedicated laundry, additional storage space, and private use of the rear yard. The flexible floor plan also allows the unit to function as a spacious 2-bedroom, 3-bathroom residence with the third room designated as a living room. Unit 2 occupies the 2nd and 3rd floors and features 3 bedrooms and 3 full bathrooms. The main level welcomes you with a modern kitchen featuring quartz countertops, shaker cabinetry, and a convenient laundry closet equipped with a washer and dryer. Beyond the kitchen is the living area, first bedroom, and full bathroom. The 3rd floor offers two additional bedrooms and two bathrooms, providing excellent space and privacy. For the investor looking to add a renovated multifamily property to their portfolio, 2233 N. 16th St delivers the combination that is increasingly difficult to find: TWO RENTED UNITS, IMMEDIATE CASH FLOW, MAJOR SYSTEM UPGRADES, MODERN FINISHES, AND LONG-TERM INCOME POTENTIAL. The surrounding area continues to experience new construction and redevelopment, adding another compelling dimension to the property's long-term investment potential. Why take on the time, expense, and uncertainty of renovating and then searching for tenants when you can acquire a renovated duplex that is already occupied and generating revenue? Add 2233 N. 16th St to your portfolio and start collecting rent from day one. Schedule your private tour and see why this income-producing property deserves serious consideration. Both units are tenant occupied. A minimum of 24-hour notice is required for all tours. Please do not disturb the tenants.