1,476 Sqft Lot
1,476 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PAPH2578202
Year Built 1915
Annual Tax Amount $7,208
Tax Year 2025
Lot Size 1,476 Sqft
Acres 0.03
Lot Dimensions 18.00 x 82.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The property consists of seven one-bedroom, one-bathroom units, all of which have been consistently cared for by current ownership. Several units have been fully renovated, including one renovated unit located below grade, demonstrating the achievable finish level and rent potential within the building. The remaining units are in solid condition and present light value-add opportunities through future turnover, allowing for incremental rent growth without the need for extensive capital investment.
Located directly on the Broad Street Line, the property benefits from excellent connectivity to Center City, Passyunk Square, and major employment centers, supporting strong and durable tenant demand. Ongoing investment along the Broad Street corridor continues to reinforce the area's appeal and long-term rental fundamentals.
With in-place income, a history of maintenance, and clear upside through unit-by-unit improvements as tenants turn, 1614 S Broad St is well positioned for investors seeking a stabilized asset with manageable growth potential in a proven South Philadelphia market.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RSA5
Interior
Hot Water Electric
Heating Forced Air
Cooling Ductless/Mini-Split
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881111430
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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