Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1911
Sq.Footage
N/A
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.
Features & Amenities
Interior
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.07
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Parking
Garage
Financial
-
Sales Price
$2,999,999
-
Tax Amount
17862.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Lorraine B Pappalardo , Mercury Real Estate Group
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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