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PRICE $2,499,000 dsIDX morgage calculator
SIZE 7,776 sqft
LOT SIZE n/a

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.

DAYS ON MARKET 5 LAST UPDATED 11/8/2024
TRACT ITALIAN MARKET YEAR BUILT 1900
COMMUNITY 19147 (19147) COUNTY PHILADELPHIA
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA 19147 (19147)
HEAT Central, Natural Gas
LOT DESCRIPTION Corner Lot
PARKING On Street
SEWER Public Sewer
SUBDIVISION ITALIAN MARKET
TAXES 24282
VIEW Yes
VIEW DESCRIPTION City, Park/Greenbelt
WATER Public
MORTGAGE CALCULATOR
   

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CONTACT US ABOUT 736 - 38 S 8TH STREET
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Listing provided by Mercury Real Estate Group

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