New Listing
1602-00 S Broad St,PHILADELPHIA, PA 19145
PHILADELPHIA, PA 19145
Description
Introducing 1602 S Broad Street, a newly renovated mixed-use property featuring two residential units above a ground-floor commercial space, ideally located near Passyunk Square. The approximately 1,000 SF commercial unit is currently zoned for use as a medical office. Unit 2 is an 844 SF, 2-bedroom, 1-bath apartment, while Unit 3 offers approximately 1,200 SF with 2 bedrooms and 2 full bathrooms. All three units are currently vacant and listed for lease, providing flexibility for an investor or qualified owner-occupant. The property can also be delivered occupied should a buyer prefer a stabilized investment. At the $800,000 asking price and based on current listed rents, the property projects a pro forma NOI of $52,086, representing a 6.51% cap rate and a 1.23 DSCR at a 6.5% interest rate. With newly renovated interiors, flexible occupancy options, and a prime South Broad Street location, 1602 S Broad presents an attractive opportunity for both investors and owner-occupants.
Details
| MLS # | PAPH2678146 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 7 |
| Listing Provided By | SDG Management, LLC | Jason Kleinman |
Features
| Basement | Y |
|---|---|
| Zoning | RSA5 |
| Acreage | 0.04 |
Interior
| Cooling | Ductless/Mini-Split |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7779 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19145 |
| Area | 19145 (19145) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19145) | |
Price: $800,000 low | high Med: $235,000 On site: 7 low | high Med: 756.5 | |
Market Activity 19145
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19145 |
| Area | 19145 (19145) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19145) | |
Price: $800,000 low | high Med: $235,000 On site: 7 low | high Med: 756.5 | |
