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Property Description

763 S 8th St is a boutique 8-plex (8 units) with ground floor commercial and a 4-car garage at the corner of 8th & Fulton in the “Italian Market” submarket of Philadelphia, Pennsylvania. The subject property is part of a larger portfolio of extremely well-maintained boutique apartment buildings offered by Ownership as a package sale of 5 buildings (25 units) plus a rarely offered 15-unit prime multifamily development parcel in the desirable “Italian Market” area of South Philadelphia. “The Properties” are located within 1.5M of one another, with the exception of one asset that is located near Philadelphia International Airport (ideal Airbnb conversion). “The Portfolio” offers tremendous critical mass in one of the most attractive locations in Philadelphia. 3 of 5 properties are located right off Cianfrani Park, a popular neighborhood attraction. “The Properties” are walkable to many of South Philly’s top amenities, parks, restaurants, cafes, schools and transit stops. This is a generational acquisition opportunity to purchase high-performing multifamily assets with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully built, leased and maintained each asset over its tenure. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating “The Portfolio” as is. “The Portfolio” is 100% leased and occupied, including the two (2) commercial spaces. “The Portfolio” consists of: 713-15 Mildred St; 736 S 8th St; 763-5 S 8th St; 2702 Dothan Plaza; 1327 Snyder Ave; 1425 Jackson St. Liquor license available for additional fee.

Features
: City
0
: Masonry
N
: Electric
: Natural gas
: Electric
0
: Corner
N
N
N
MLS Addon
Compass Pennsylvania, LLC
Ryan J McManus
Annually
Annually
801520770466
THE SCHOOL DISTRICT OF PHILADELPHIA
0 Acre
6,000 Acre
0
0 Acre
No
: Standard
$17,862
2022
CMX1
: Public Sewer
: Public
Apartment Building,Other,Restaurant/Bar
Commercial Features
0 Acre

Commercial Sale

763 8TH STREET, PHILADELPHIA, Pennsylvania 19147

0.07 Acre
$3,345,000
Listing ID #PAPH2141768
Basic Details
Property Type : Commercial Sale
Listing Type : Residential Sale
Listing ID : PAPH2141768
Price : $3,345,000
Year Built : 1911
Lot Size : 0.07 Acre
State : PA
County : PHILADELPHIA
City : PHILADELPHIA
Zipcode : 19147
Status : ACTIVE
Property Sub Type : Five Or More Units
Price Per SQFT : $558
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