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736 S 8th St
For Sale $2,499,000
$2,499,000
- 6 Units
- Unknown Sq Ft
- Unknown Sq Ft
- Unknown Cap Rate
Description
Part of package, additional property nearby available - Commercial 763-65 S. 8th St. (Lazeez Indian Restuarant) with apartments. Two multi units in South Philadelphia, 1327 Snyder Ave. and
1425 Jackson St. Total package can be acquired.
736-38 S 8th St is a 6-plex (6 units), on the corner of 8th & Fitzwater Sts., with ground floor commercial space. The property is located near popular neighborhood attractions; John's Water Ice, Cianfrani Park and the 9th St. Market. 736-38 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 2 entrances. One for the restaurant, one for the apts. both on the Fitzwater St. side. As-is.
Tenant occupied. 48hr notice.
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Amenities
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 | $2,499,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881573330 |
| MLS # | PAPH2418372 |
| Property ID | 321033526 |
| Lot Sqft | Unknown |
| Zoning | CMX-1 |
| Total Units | 6 |
| Days on Market | 23 |
| Original List Price | Unknown |
| Date Updated | November 08, 2024 |
| Date Created | November 07, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Lorraine B Pappalardo an agent of . Lic #RS200464L
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Data last updated: November 30, 2024.
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REAL ESTATE AGENT