638 SOUTH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19147
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