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Danielle Wateridge

danielle.wateridge@gmail.com +1(703) 639-8869

$ 2,999,999

Est. payment -/mo

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763-65 S 8TH ST Philadelphia, PA 19147

5,828 SqFt

UPDATED:

10/31/2024 05:49 PM

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

Listed by Lorraine B Pappalardo • Mercury Real Estate Group

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