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.
Presented By: Compass Pennsylvania, LLC
Interior Features for 1229 S 6Th Street
Other Interior Features
Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 1229 S 6Th Street
AccessibilityNone
Business TypeMedical, Apartment Building
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGPS
HeatingForced Air
Lot Size Square Feet1280.00
Lot Size UnitsSquare Feet
MLS Area19147 (19147)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
OwnershipFee Simple
PossessionNegotiable, 0-30 Days CD, 31-60 Days CD, 61-90 Days CD
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