[Single Family] 170 S. 16th St — South Side Flats, 15203 For Sale

  • $208,890
  • 3 beds
  • 1.5 baths
  • 1,438 sqft

SouthSide Flats 16th St. rental property right in the mix/few ft. from E. Carson

-sizable fenced yard

-collects $1,750/month in rent (upper comps approx. $2,450)


-Priced at least $100k under MV.

–Comparables up to nearly $400k.

—Has a long-time “loving owner” history.

—Has 3 big BRs + 1½ BAs amidst 2½ floors.

—–Clearly cashflows residing in the Flats (0 vacancies in >10 provable yrs.

 

Is essentially a mint-condition rental worth quite a bit, with bonuses of a new roof and an extremely rare backyard/patio area capable of entertaining a dozen or so guests.


Basic highlights:

  • Fewer than 2 blocks from Carson Street
  • NEW roof 2021
  • WalkScore of 95/100
  • Incredibly rare, private backyard (“relax in a city oasis”); patio fits grill+ sits 8+ ppl.
  • Rented [M2M]
  • 3 large separate (ie, no captive/walkthrough) bedrooms, all w/double-door closets
  • Kitchen + 1.5 baths all tiled
  • Central air with updated high-efficiency HVAC
  • Clean basement, totally usable – double built-in storage with x-shelving
  • LOCATION | | multiple university campuses & public trans. of all types steps away

Tenant pays for all utilities (water/sewage, gas, elec.). Owner/LL pays for security system.


Longtime owners cared much for this property. Known as “extremely attentive” landlords.

Brand new:

  • Roof | Fencing | Refrigerator

New/er:

  • Washer/dryer | H2O tank | Hi-eff HVAC

Annual lease up in May. Good tenants still occ. mo.-to-mo.; then onto high Flats 3BR rent.



Have a retail range of similarly sized & aged props from 20202022 of $200k – $387k, which starts at those needing everything ($186k), and ends at those being nicely redone ($375k+).

Couple more:
137 S. 15th St., 15203||$315k .03 miles- || –1721 Sarah St., 15203||$320k .15 miles-



  • Taxes: $2,547
  • Electric: Updated
  • Plumbing: Updated
  • Kitchen: Good
  • Bath: Good (both)
  • Roof: New (2021)
  • Furnace: 10 yrs old; also has CHA
  • Hot Water Tank: 5 yrs old
  • Windows: Double-paned
  • Floors: 2.25
  • Parking: On-street
  • Rental Income: $1,750/mo + ALL utilities
Price:
$208,890
Address:
170 S. 16th St
South Side Flats, PA 15203
Square Feet:
1,438
Lot Size:
1,140
Bedrooms:
3
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1900
Basement:
Partial w/built-in storage & laundry
Const. Type:
Frame

Additional Features

I priced this before learning that the Flats-area values are still rising at one of the highest rates in city limits (ex. higher than Lawrenceville & the entire 15206); photo ref in reel.

Call (800) 788-9882 for more details

Property Location