1706 N 16TH STREET

Overview

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional 5-plex offers immediate cash flow and strong long-term upside. Currently generating $66,660 in annual gross rental income starting August 2026 gross rental income increases to $68,400. This income-producing asset is an outstanding opportunity for investors seeking stable returns and dependable cash flow. The property consists of 5 spacious student housing units totaling 8 bedrooms and 8 bathrooms: Unit 1: 4 bed / 4 bath Current Rent $2600 Future Rent Starting August 1st $2600
 Unit 2: 1 bed / 1 bath Current Rent $725 Future Rent Starting August 1st $750 Unit 3 Studio/ 1 bath Current Rent $775 Future Rent Starting August 1st $800 Unit 4 1 bed / 1 bath Current Rent $750 Future Rent Starting August 1st $800 Unit 5 Studio/ 1 bath Current Rent $700 Future Rent Starting August 1st $700 This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078, PAPH2637494, PAPH2637506, PAPH2637526, PAPH2637534 PAPH2638432, PAPH2638436, PAPH2639290 PAPH2639294, PAPH2639300, PAPH2639390, PAPH2639516 and PAPH2639518

Key facts

Features

Feature details are available upon request.