1642 South St,PHILADELPHIA, PA 19146
PHILADELPHIA, PA 19146
Description
Positioned on a prime corner of one of the city's most vibrant corridors, 1642 South Street represents a rare chance to acquire a high-performing, fully occupied asset. This isn't just a building; it's a turnkey addition to any portfolio where you can start collecting rent on day one. The property features two expansive 2-bedroom, 2-bathroom apartments that feel incredibly airy and bright. Thanks to the corner orientation, oversized windows to the north and east flood the living spaces with natural light, creating a sense of volume and warmth that is hard to find in urban rentals. These units offer the kind of scale and layout that keeps occupancy high and turnover low. Anchoring the building is a thriving commercial space occupied by a long-term triple net (NNN) tenant. With a recently signed five-year renewal and an additional five-year option on the table, the ground floor provides the kind of stability and hands-off management investors crave. This is an investor's dream defined by immediate cash flow, significant upside, and a location that continues to see incredible momentum. Between the steady commercial income and the high-demand residential units, the value proposition here is undeniable. Don't miss this opportunity to own this great building.
Details
| MLS # | PAPH2657594 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2002 |
| Days On Site | 55 |
| Listing Provided By | Compass Pennsylvania, LLC | Matthew Ostroff |
Features
| SQ Feet | 3,785 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | CMX2 |
| Acreage | 0.03 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Appliances | Washer/Dryer Stacked, Oven/Range - Gas, Dishwasher, Built-In Microwave, Refrigerator, Freezer, Water Heater |
Exterior
| Roof | Rubber, Fiberglass |
|---|---|
| Security Features | Carbon Monoxide Detectors, Smoke Detector, Fire Detection System |
| Construction Materials | Masonry |
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 16346 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19146 (19146) |
| Community Name | GRADUATE HOSPITAL |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in GRADUATE HOSPITAL) | |
Price: $1,475,000 low | high Med: $499,500 sqft: 3,785 low | high Med: 1,017 $ / sqft: $390 low | high Med: $493 On site: 55 low | high Med: 11 | |
Market Activity 19146
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19146 (19146) |
| Community Name | GRADUATE HOSPITAL |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in GRADUATE HOSPITAL) | |
Price: $1,475,000 low | high Med: $499,500 sqft: 3,785 low | high Med: 1,017 $ / sqft: $390 low | high Med: $493 On site: 55 low | high Med: 11 | |
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