763 S 8TH STREET, PHILADELPHIA, PA 19147

Other
THB ฿101,369,966
USD $2,999,999
Published on: 01 Nov 2024
Last updated on: 16 Jan 2025
763 S 8TH STREET, PHILADELPHIA, PA 19147
763 S 8TH STREET, PHILADELPHIA, PA 19147
763 S 8TH STREET, PHILADELPHIA, PA 19147
+12
763 S 8TH STREET, PHILADELPHIA, PA 19147
  • 12
Property ID: 110095461851
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Commercial - PHILADELPHIA, PA

763 S 8TH STREET, PHILADELPHIA, PA 19147
Part of package, additional property nearby available - Commercial 736-38 S. 8th St. (Adobe Cafe) with apartments. Two multi units in South Philadelphia, 1327 Snyder Ave. and 1425 Jackson St. Total package can be acquired.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  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.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
283.28 m2
Year Built
1911
Architecture Style
Other
County
PHILADELPHIA
Provider
Bright MLS
Brokerage Office Name
Mercury Property Management
Brokerage Office Phone
(215) 462-5100
Neighbourhoods
PHILADELPHIA
Address
763 S 8TH STREET, PHILADELPHIA, PA 19147
Contact Agent
Lorraine Pappalardo
Mercury Real Estate Group
1328 Shunk STREET W, Philadelphia, PA 19148
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Lorraine Pappalardo
1328 Shunk STREET W, Philadelphia, PA 19148
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      Property ID: 110095461851

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