Bought with Gaurav Gambhir • KW Empower
$705,000
$750,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
416-18 N WIOTA ST Philadelphia, PA 19104
4,080 SqFt
Key Details
Sold Price $705,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 4,080 sqft
Price per Sqft $172
Subdivision West Powelton
MLS Listing ID PAPH2461002
Sold Date 03/25/26
Style Straight Thru
Abv Grd Liv Area 4,080
Year Built 2015
Annual Tax Amount $5,853
Tax Year 2024
Lot Size 2,924 Sqft
Acres 0.07
Lot Dimensions 30.00 x 97.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Amazing investment opportunity. This modern, fully occupied 3-unit building also offers a built-in garage. The 8-bedroom multi-family property 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 through 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. Seven property portfolio, can be purchased individually or as a full / partial portfolio (4008, 4010, 4032 & 416-18 N. Wiota Street, 508 Budd Street, 1537 Swain Street and 1802 N. 5th Street).
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Interior
Hot Water Electric
Heating Forced Air, Heat Pump(s)
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Slab
Above Ground Finished SqFt 4080
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 061176810
Ownership Fee Simple
SqFt Source 4080
Special Listing Condition Standard
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