416-18 N Wiota St , PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
Description
Amazing investment opportunity. This modern, fully occupied 3-unit building also offers a built-in garage. The 8-bedroom multi-family property was built in 2015 and is situated in the highly sought-after West Powelton neighborhood of Philadelphia. Just a short walk from the University of Pennsylvania and Drexel University, ensuring consistent demand from students and professionals. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth and includes a tax abatement until 2026. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors. The unit mix includes two (2) two-bedroom, one or two-bathroom units and one (1) four-bedroom, four-bathroom unit. The units offer hardwood floors, stainless-steel appliances, in-unit washer and dryers, and much more. Don’t miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Taxes, remaining abatement term and square footage are the responsibility of the buyer to have verified. Eight property portfolio, can be purchased individually or as a full / partial portfolio (4008, 4010, 4032 & 4011 Baring Street, 416-18 N. Wiota Street, 508 Budd Street, 1537 Swain Street and 1802 N. 5th Street).
Details
| MLS# | PAPH2461002 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | ACTIVE-BRIGHT |
| Year | 2015 |
| Days On Site | 31 |
| Listing Provided By | KW Empower | Steven Onesti |
Features
| SQ Feet | 4,080 |
|---|---|
| Units | 3 |
| Zoning | RSA5 |
| Acreage | 0.07 |
| Water Front | Yes |
Market Activity 19104
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | WEST POWELTON |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (In WEST POWELTON) | |
Price: $800,000 low | high Med: $280,000 SqFt: 4,080 low | high Med: 1,632 $ / SqFt: $196 low | high Med: $172 On site: 31 low | high Med: 44.000000 | |