1901 S 16th St, Philadelphia, PA 19145

Property Description

Welcome to 1901 S. 16th St., Philadelphia, PA 19145. This fully updated Mixed-Use (CMX-2) Commercial building on 1st Fl. and (2) identical 3beds and 2bath apartments on 2nd and 3rd Floor 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. Electric gated garage for storage space/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. Located within walking distance from Passyunk Square & surrounded by other well known business establishments "Newbold" has offers (Ultimo Coffee, Hardena, South Philadelphia Tap Room, etc.) Don’t miss this fantastic opportunity—schedule your showing today!