Courtesy of: Lorraine Pappalardo, Mercury Real Estate Group, lorpappalardo@gmail.com
Courtesy of: Lorraine Pappalardo, Mercury Real Estate Group, lorpappalardo@gmail.com
$2,999,999
|
Lot: 0.07 Acres
|
|
Other
|
$2,999,999
763 S 8TH STREET 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.
Courtesy of: Lorraine Pappalardo, Mercury Real Estate Group, lorpappalardo@gmail.com
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.