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MULTI_FAMILY - Other - PHILADELPHIA, PA
Welcome to 1229 S 6th Street - a prime mixed-use investment in Philadelphia's desirable Passyunk Square neighborhood. This well-maintained corner property features a ground-floor commercial space with three fully occupied 1-bedroom/1-bath apartments above, offering a 7% cap rate with potential to reach 8%+ through rent increases or new tenants. The commercial storefront provides excellent visibility and foot traffic, currently operating as a dentist's office. Each apartment is separately metered and features updated kitchens and baths, hardwood floors, and strong rental history. Zoned CMX-2, the property allows for flexible use and future redevelopment. Located steps from Passyunk Avenue's top restaurants, cafes, and shops, and minutes from Center City and I-95, this is a turnkey, income-producing property with strong upside potential.
Copyright © 2025 Bright MLS. All rights reserved. All...
Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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