2,920 Sqft Lot
2,920 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2618146
Year Built 1925
Annual Tax Amount $11,022
Tax Year 2025
Lot Size 2,920 Sqft
Acres 0.07
Lot Dimensions 37.00 x 80.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Address: 1601 West Tioga Street
This exceptional 13-unit multifamily property has undergone a comprehensive, top-to-bottom rehabilitation, delivering the quality and reliability of new construction with the cash flow potential of a stabilized rental asset. Renovated from the studs out, the property offers investors a rare turnkey opportunity with modern systems, updated interiors, and significantly reduced near-term maintenance requirements.
Every major component of the building has been fully replaced or upgraded, including electrical, plumbing, HVAC, roofing, flooring, kitchens, bathrooms, and common areas. The extensive scope of work provides long-term operational efficiency while enhancing tenant appeal and retention.
The unit interiors feature contemporary finishes, updated layouts, and durable materials designed for both functionality and low maintenance. This asset is ideally suited for investors seeking immediate income potential with minimal capital expenditure needs.
Investment Highlights
•
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA5
Interior
Hot Water Electric
Heating Wall Unit
Cooling Ductless/Mini-Split
Heat Source Electric
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881070760
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "