About This Home
This 0-bedroom, 0-bathroom other at 1229 S 6TH Street in Philadelphia, PA is listed for $715,000. Built in 1915, on a 0.03 acres lot.
Key Features
- Built in 1915
- 0.03 acre lot
Property Details
Amenities
A rare opportunity to acquire a mixed-use asset in a prime location, combining immediate returns with future value creation. 6.7% cap rate with potential to exceed 8% through rent growth and value-add improvements. An exceptional mixed-use investment opportunity in the heart of Passyunk Square, offering stable in-place income with clear long-term upside.
This corner property features a ground-floor commercial space positioned for a coffee concept, complemented by 3 fully leased 1-bedroom apartments above. With strong neighborhood foot traffic and proximity to East Passyunk Avenue, the asset benefits from both residential demand and commercial viability.
Currently generating approximately $5,150/month, the property delivers consistent cash flow with a clear path for growth. Projected rental income of approximately $5,700-$6,000/month can be achieved through strategic rent increases, value-add improvements to the residential units, and continued commercial optimization.
Monthly Cost Estimate
$3,824/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1229 S 6TH Street
Philadelphia, PA 19147
PASSYUNK SQUARE
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom other at 1229 S 6TH Street is listed at $715,000. The estimated monthly payment is $3,824 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1915, 0.03 acre lot.
This property is listed by Amira Coleman and can be reached at 2673340686.
