763-65 S 8th St , Philadelphia, PA 19147
Philadelphia, PA 19147
Description
Part of package, additional property nearby available - Commercial 736-38 S. 8th St. (Adobe Cafe) with apartments. Two multi units in South Philadelphia, 1327 Snyder Ave. and 1425 Jackson St. Total package can be acquired. 763-65 S 8th St is an 8-plex (8 units) with ground floor commercial, 7 apts. and a 3-car garage at the corner of 8th & Fulton of Philadelphia, Pennsylvania. The property is located near popular neighborhood attractions; John's Water Ice, Cianfrani Park and the Italian Market. 763-65 S. 8th is walkable to many of South Philly's top amenities, restaurants, cafes, schools and transit stops. This is a great opportunity to purchase a high-performing multifamily asset with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully built, leased and maintained this asset over its tenure. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating as is. The Building is 100% leased and occupied. The are 3 entrances. One for the restaurant, one for 2 apts. at 765 S. 8th St. and one at the entrance on Fulton St. that houses 5 apts.
Details
| MLS# | PAPH2415656 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 82 |
| Listing Provided By | Mercury Real Estate Group | Lorraine B Pappalardo |
Features
| SQ Feet | 5,828 |
|---|---|
| Zoning | CMX1 |
| Acreage | 0.07 |
| Property View | Yes |
Market Activity 19147
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19147 |
| Area | 19147 |
| School District | The School District Of Philadelp |
| Listing VS Median (in 19147) | |
Price: $2,999,999 low | high Med: $399,000 SqFt: 5,828 low | high Med: 1,896 $ / SqFt: $515 low | high Med: $211 On Site: 82 low | high Med: 65.000000 | |
