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Listed by Bobby Voong • Mercury Real Estate Group
$ 599,900
Est. payment | /mo
871 Sqft Lot
$ 599,900
Est. payment | /mo
871 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2675222
Year Built 1920
Annual Tax Amount $5,610
Tax Year 2026
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Welcome to 1901 S. 16th St., Philadelphia, PA 19145. This fully updated Mixed-Use (CMX-2) building offers an incredible opportunity for both investors and owner-occupants. Located on a heavily trafficked cornered intersection in the heart of Newbold, 1st Floor Commercial space currently operating as a hair salon. One garage space for a small car or storage usage. Updated commercial space with separate utilities (Gas and Electric) hair salon trade fixtures and clean basement storage space. 2nd Floor apartment features 3 bedrooms and 2 full baths. 3rd Floor apartment offers near identical specifications as 2nd Floor apartment, 3 bedrooms and 2 full baths. Fully updated Hardwood Flooring, recessed lighting, windows, kitchens and baths. Both apartments were renovated within the past few years. No major maintenance needed and foreseeable if operating as a Landlord or Owner-occupied living quarters with Commercial business operations on 1st Fl. All units have separate utilities (Gas and Electric). Updated mechanicals systems (including fire alarm system). Property Square Footage is larger than what public records show. Ideal for an entrepreneur looking to live upstairs while operating a business or an investor seeking strong rental income from both residential apartment units and commercial space currently being leased. Both 2nd Fl. And 3rd Fl. Units were previously rented out at $1,600 a month. (both units are currently vacant for easy showing access) commercial unit currently rented at $1,500 a month (Hair Salon). This commercial building is ready for the next entrepreneur. Don't miss this fantastic opportunity—schedule your showing today!
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning CMX-2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
Accessibility Wheelchair Mod
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871223500
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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