UPDATED:
11/08/2024 05:59 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,776 sqft
Price per Sqft $321
Subdivision Italian Market
MLS Listing ID PAPH2418372
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $24,282
Tax Year 2024
Property Description
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.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX-1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
View City, Park/Greenbelt
Accessibility None
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881573330
Ownership Other
Special Listing Condition Standard
"My goal for each transaction is to give my buyers the information they need to make good decisions regarding neighborhoods, housing choices, pricing and negotiating the purchase."