Homes for sale - 638 SOUTH ST, Philadelphia, PA 19147

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Matt Marino

[email protected] +1(215) 896-2171

$ 1,799,000

Est. payment -/mo

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Price Dropped by $100K

638 SOUTH ST Philadelphia, PA 19147

6,258 SqFt

UPDATED:

10/11/2024 09:54 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,258 sqft

Price per Sqft $287

MLS Listing ID PAPH2377128

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $16,790

Tax Year 2024

Lot Size 2,070 Sqft

Acres 0.05

Property Description

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 6.77% 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!!

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning CMX2.5

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871029750

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Cordell Kevin Becker • Becker Capital, LLC

Matt Marino

+1(215) 896-2171

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