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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.
Property Type(s):
Commercial
| Last Updated | 10/31/2024 | Year Built | 1911 |
|---|---|---|---|
| Community | 19147 (19147) | County | PHILADELPHIA |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19147 (19147) |
| HEAT | Central, Natural Gas |
| LOT | 3049 sq ft |
| LOT DESCRIPTION | Corner Lot |
| SEWER | Public Sewer |
| TAXES | 17862 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
Location
Listing provided by Mercury Real Estate Group
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Data last updated: 1/10/25 8:31 AM PST
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