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 6% cap rate with potential to reach 7%+ 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, cafés, and shops, and minutes from Center City and I-95, this is a turnkey, income-producing property with strong upside potential.
Listed By
Agency Name: Compass Pennsylvania, LLC
Agency Phone: 2674358015
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimated Payment
$ 4,373.61 per month $3,573.32 Principal & Interest $583.00 Property Tax $217.29 Homeowner's Insurance
1229 S 6th Street | MLS# PAPH2589954
This multi-family property located at 1229 S 6th Street , Philadelphia, PA 19147 is currently listed for sale with an asking price of $745,000. S 6th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.duffyrealestate.com today.