For Sale
$1,950,000

832 South StPhiladelphia, PA 19147

Prime Bella Vista location, 8 units, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity encompasses two side-by-side buildings located at 832-834 South Street in Philadelphia's vibrant Bella Vista neighborhood. Boasting a combined 36 feet of frontage on this bustling commercial corridor, the property offers a compelling mix of commercial and residential space. The buildings, constructed in 1900, feature a total of eight units: two commercial spaces, four one-bedroom/one-bathroom apartments, and two two-bedroom/one-bathroom apartments. The combined rentable square footage is between 2,634 and 3,390 square feet, situated on two lots totaling approximately 3,424 square feet (1,710 sq ft and 1,714 sq ft). Each building has its own distinct features: 832 South Street is a three-story building (plus basement), while 834 South Street is four stories (plus basement). The property includes 3-4 gated parking spaces. The buildings are constructed of brick and stucco exteriors with stone and masonry foundations. Each unit is equipped with its own laundry facilities, central air conditioning, and forced hot air heating. Utilities (electric and hot water) are separately metered and paid by tenants. The property is zoned CMX-2.5, allowing for a variety of uses. The strong tenant base and prime location contribute to a Net Operating Income (NOI) of $138,216. This turnkey investment is ideally situated near prominent businesses such as Whole Foods, PNC Bank, Fine Wine and Spirits, and Bank of America. The asking price is $1,950,000.

Highlights

  • Two side-by-side buildings totaling 36 feet of frontage on South Street in Philadelphia's Bella Vista neighborhood.
  • Eight units: two commercial, four one-bedroom/one-bathroom apartments, and two two-bedroom/one-bathroom apartments.
  • Approximately 2,634 - 3,390 square feet of rentable space on two lots totaling 3,424 square feet.
  • Built in 1900; 832 South Street is three stories (plus basement), 834 South Street is four stories (plus basement).
  • 3-4 gated parking spaces.
  • Brick and stucco exteriors with stone and masonry foundations.

Property Details for 832 South St

Property type
Retail properties, Mixed-use properties
Square Feet
2,634 SF
Year Built
1900
Buildings
2
Stories
7
Units
8

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9424174
Longitude
-75.1565566
832 South St, Philadelphia, Pennsylvania

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832 South St
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