638 South Street
$1,799,000
8
4
6,258
6,258
$287
Description
Welcome to 638 South Street! Located on one of Philadelphia’s most popular and well known streets, you don’t want to miss out on this investment opportunity. This building includes a retail store front and 4 residential, two bedroom apartments. This amazing cash producing investment opportunity is fully occupied currently producing a 6.77% cap rate! The retail space includes a half bathroom and a basement for storage. Two of the apartments face South Street, and the other two apartments face Kater...Welcome to 638 South Street! Located on one of Philadelphia’s most popular and well known streets, you don’t want to miss out on this investment opportunity. This building includes a retail store front and 4 residential, two bedroom apartments. This amazing cash producing investment opportunity is fully occupied currently producing a 6.77% cap rate! The retail space includes a half bathroom and a basement for storage. Two of the apartments face South Street, and the other two apartments face Kater Street. The apartments are located on the second and third floors of the building and all have separate entrances. The residential apartments include recessed living room lighting, beautiful hardwood floors in the living/kitchen area, stainless steel kitchen appliances, great natural light, and ceiling fans in the bedrooms. The units each have central air/heat controlled with a Nest thermostat, an in-unit washer/dryer set, dishwasher, and separate utilities. Residents will find themselves experiencing all that South Street has to offer. Only a short walk or distance away from some of the most popular attractions in the area including, markets, parks, museums, cafes & restaurants, shops, nightlife, and more! Visit Penn’s Landing and its many piers or the Liberty Bell in Philadelphia which are both nearby. There is plenty of public transportation nearby, including buses, trains, and subways, which take you anywhere you’d like to go in Philadelphia and the surrounding area. Don’t miss out on this great investment opportunity!
Property Details for 638 South Street
Tax ID Number
871029750
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleTraditional
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Central AirYes
LISTING UPDATED: 10/11/2024 05:54 PM
Property Details for 638 South Street
Status | Active |
---|---|
MLS # | PAPH2377130 |
Days on Market | 80 |
Taxes | $16,791 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1920 |
Lot Size | 0.05 AC / 2,070 SF |
County | Philadelphia County |
Building Information for 638 South Street
Stories-Residences4Year Built1920Building Size-Lot Size0.05 AC / 2,070 SF
Property Information for 638 South Street
Property History for 638 South Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 638 South Street
Taxable ValueLand$239,900Additions$959,600Total$1,199,500
Tax Record2023$16,791 ($1,399 / month)
Home Facts
Total Finished SqFt6,258 SqFtAbove Grade Finished SqFt6,258 SqFtStories3Lot Size2,070 SqFtStyleOffice BuildingYear Built1920ZoningCMX2.5CountyPHILADELPHIAAPN87-1-0297-50
Schools near 638 South Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Meredith William M School PublicK to 8 | ||
Furness Horace High School Public9 to 12 | ||
Academy At Palumbo Public9 to 12 | ||
Constitution High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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