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638 South St
Off-Market Call for Pricing
Call for Pricing
- 0 Units
- Unknown Sq Ft
- 2,070 Sq Ft
- Unknown Cap Rate
Description
Welcome to 638 South Street! Located on one of Philadelphia’s most popular and well known streets, you don’t want to miss out on this investment opportunity. This building includes a retail store front and 4 residential, two bedroom apartments. This amazing cash producing investment opportunity is fully occupied currently producing a 6.9% cap rate! The retail space includes a half bathroom and a basement for storage. Two of the apartments face South Street, and the other two apartments face Kater Street. The apartments are located on the second and third floors of the building and all have separate entrances. The residential apartments include recessed living room lighting, beautiful hardwood floors in the living/kitchen area, stainless steel kitchen appliances, great natural light, and ceiling fans in the bedrooms. The units each have central air/heat controlled with a Nest thermostat, an in-unit washer/dryer set, dishwasher, and separate utilities. Residents will find themselves experiencing all that South Street has to offer. Only a short walk or distance away from some of the most popular attractions in the area including, markets, parks, museums, cafes & restaurants, shops, nightlife, and more! Visit Penn’s Landing and its many piers or the Liberty Bell in Philadelphia which are both nearby. There is plenty of public transportation nearby, including buses, trains, and subways, which take you anywhere you’d like to go in Philadelphia and the surrounding area. Don’t miss out on this great investment opportunity!!
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Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,799,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 871029750 |
| MLS # | PAPH2377128 |
| Property ID | 320678683 |
| Lot Sqft | 2,070 |
| Zoning | CMX2.5 |
| Date Updated | December 12, 2024 |
| Date Created | July 15, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $145,609 | $0 |
| Net Income (Yr) | $ 124,190 |
| Cap Rate | 6.90% |
Listing Provided By
Cordell Kevin Becker an agent of . Lic #RS346036
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Data last updated: February 17, 2025.
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REAL ESTATE AGENT