Active
736-38 S 8th St
Philadelphia PA, 19147
$2,499,000
$321.37 per sqft
Active
7,776 sqft
Commercial
Built in 1900
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.
PAPH2418372
MLSⓇ ID
November 8, 2024
Listed
November 22, 2024
Updated
Map
736-38 S 8th St
Philadelphia PA, 19147
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Natural Gas
Exterior/Building Features
Lot Features
Corner Lot
Sewer
Public Sewer
Other Property Details
Area Name
PHILADELPHIA
Taxes
$24,282
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
On Street
View
Yes
View Description
City, Park/Greenbelt
County
PHILADELPHIA
Water Source
Public
Pool
No
Listed by Mercury Real Estate Group
Listing Contact: 2157719372
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/22/2024 at 1:59 AM UTC
