$ 1,475,000
-
$1,475,000
Price -
4
Bed -
0
Bath -
3,785
SqFt
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About the Listing COMPASS1 - 3378984
Positioned on a prime corner of one of the city’s most vibrant corridors, 1642 South Street represents a rare chance to acquire a high-performing, fully occupied asset. This isn’t just a building; it’s a turnkey addition to any portfolio where you can start collecting rent on day one. The property features two expansive 2-bedroom, 2-bathroom apartments that feel incredibly airy and bright. Thanks to the corner orientation, oversized windows to the north and east flood the living spaces with natural light, creating a sense of volume and warmth that is hard to find in urban rentals. These units offer the kind of scale and layout that keeps occupancy high and turnover low. Anchoring the building is a thriving commercial space occupied by a long-term triple net (NNN) tenant. With a recently signed five-year renewal and an additional five-year option on the table, the ground floor provides the kind of stability and hands-off management investors crave. This is an investor’s dream defined by immediate cash flow, significant upside, and a location that continues to see incredible momentum. Between the steady commercial income and the high-demand residential units, the value proposition here is undeniable. Don’t miss this opportunity to own this great building.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 0 Full
- Appliances: Washer/Dryer Stacked, Oven/Range - Gas, Dishwasher, Built-In Microwave, Refrigerator, Freezer, Water Heater
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3785
- Below Ground Sq Ft: 0
- Basement: Sump Pump,Poured Concrete,Rough Bath Plumb,Outside Entrance
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 41.00 x 35.00
- Zoning: CMX2
- Roof: Rubber,Fiberglass
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $16,346
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1642 South St Philadelphia, PA 19146
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