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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!!
Property Type(s):
Commercial
| Last Updated | 10/11/2024 | Year Built | 1920 |
|---|---|---|---|
| Community | 19147 (19147) | County | PHILADELPHIA |
Price History
| Prior to Oct 2, '24 | $1,999,000 |
|---|---|
| Oct 2, '24 - Oct 11, '24 | $1,899,000 |
| Oct 11, '24 - Today | $1,799,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19147 (19147) |
| HEAT | Forced Air, Natural Gas |
| LOT | 2178 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 16790.6 |
| WATER | Public |
Location
Listing provided by Becker Capital, LLC
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 10:48 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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