Description
Welcome to 1229 S 6th Street " a prime mixed-use investment in Philadelphias 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 Avenues top restaurants, cafs, and shops, and minutes from Center City and I-95, this is a turnkey, income-producing property with strong upside potential.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
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2,864SQFT
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$260$/SQFT
Description
Welcome to 1229 S 6th Street " a prime mixed-use investment in Philadelphias 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 Avenues top restaurants, cafs, and shops, and minutes from Center City and I-95, this is a turnkey, income-producing property with strong upside potential.
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