About 763-65 S 8th St
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.
Features of 763-65 S 8th St
MLS® # | PAPH2415656 |
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Price | $2,999,999 |
Bathrooms | 0.00 |
Square Footage | 6,000 |
Acres | 0.07 |
Year Built | 1911 |
Type | Commercial Sale |
Sub-Type | Five Or More Units |
Status | Active |
Community Information
Address | 763-65 S 8th St |
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Area | 19147 |
City | PHILADELPHIA |
County | PHILADELPHIA-PA |
State | PA |
Municipality | PHILADELPHIA |
Zip Code | 19147 |
Amenities
View | City |
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Is Waterfront | No |
Interior
Heating | Central |
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Cooling | Central A/C |
Has Basement | No |
Fireplace | No |
Exterior
Lot Description | Corner Lot |
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School Information
District | THE SCHOOL DISTRICT OF PHILADELPHIA |
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Additional Information
Date Listed | October 31st, 2024 |
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Days on Market | 6 |
Zoning | CMX1 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Mercury Real Estate Group |
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Contact Info | (215) 462-5100 |