763-65 S 8TH ST new to site 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 5,828 sqft
Price per Sqft $514
MLS Listing ID PAPH2415656
Originating Board BRIGHT
Year Built 1911
Annual Tax Amount $17,862
Tax Year 2023
Lot Size 2,945 Sqft
Acres 0.07
Property Description
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.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
View City
Accessibility None
Parking Type Private Garage
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 881573350
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard