736-38 S 8TH Street
736-38 S 8TH Street Philadelphia, Pennsylvania 19147 United States

$2,700,000
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Compass Pennsylvania, LLC

Listing Courtesy of Compass Pennsylvania, LLC
$2,700,000
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.06 Acres
Exterior
Commercial
Property type
1900
Year Built
PAPH2141776
Web Id
PAPH2141776
MLS ID
ITALIAN MARKET
Subdivision
Philadelphia City
School District
15
days ago

About 736-38 S 8TH Street

736 S 8th St is a boutique 6-plex (6 units) with ground floor commercial space overlooking Cianfrani Park on the corner of 8th & Fitzwater in the "Italian Market" 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.

Listing Courtesy of Compass Pennsylvania, LLC

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Lusk & Associates Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

PROPERTY INFORMATION

Cooling
Central A/C
Heating
Central
Sewer
Public Sewer
View
City, Park/Greenbelt

EXTERIOR

Lot Description
Corner

ADDITIONAL INFORMATION

Body of Water
Public
Listing Courtesy of Compass Pennsylvania, LLC

Compass Pennsylvania, LLC

Listing Courtesy of Compass Pennsylvania, LLC
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