832 South StPhiladelphia, PA 19147

Property Details for 832 South St

Year built

1900

Property size (Sq ft)

2,634 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

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.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9424

Longitude

-75.1566

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