CHARIS REALTY GROUP

Contemporary

1642 SOUTH STREET

PHILADELPHIA, PA 19146

MLS#: PAPH2657594

$1,475,000

Status: Coming Soon
Listing number: PAPH2657594
Listing provided by: Compass Pennsylvania, LLC
Listing agent phone: None
Last update: 3 days ago
New on site 4 days ago
Browse Properties
GRADUATE HOSPITAL - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

2002

Sq.Footage

3,785

Positioned on a prime corner of one of the city’s most vibrant corridors, 1642 South Street represents a rare chance to acquire a high-performing, fully occupied asset. This isn’t just a building; it’s a turnkey addition to any portfolio where you can start collecting rent on day one. The property features two expansive 2-bedroom, 2-bathroom apartments that feel incredibly airy and bright. Thanks to the corner orientation, oversized windows to the north and east flood the living spaces with natural light, creating a sense of volume and warmth that is hard to find in urban rentals. These units offer the kind of scale and layout that keeps occupancy high and turnover low. Anchoring the building is a thriving commercial space occupied by a long-term triple net (NNN) tenant. With a recently signed five-year renewal and an additional five-year option on the table, the ground floor provides the kind of stability and hands-off management investors crave. This is an investor’s dream defined by immediate cash flow, significant upside, and a location that continues to see incredible momentum. Between the steady commercial income and the high-demand residential units, the value proposition here is undeniable. Don’t miss this opportunity to own this great building.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3785.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1,416

  • Property Type

    Residential Income

  • Property Sub Type

    Townhouse

  • Architectural Style

    Contemporary

Price

  • Sales Price

    $1,475,000

  • Tax Amount

    $16,346

  • Sq. Footage

    3,785

  • Price/SqFt

    $389

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    497

  • Water Source

    Public

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Listing Courtesy of Matthew Ostroff , Compass Pennsylvania, LLC

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Agent Chana Shaffer

AGENT

Chana Shaffer

Call Chana today to schedule a private showing.

(814) 494-0636

chana@charisrealty.com


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Positioned on a prime corner of one of the city’s most vibrant corridors, 1642 South Street represents a rare chance to acquire a high-performing, fully occupied asset. This isn’t just a building; it’s a turnkey addition to any portfolio where you can start collecting rent on day one. The property features two expansive 2-bedroom, 2-bathroom apartments that feel incredibly airy and bright. Thanks to the corner orientation, oversized windows to the north and east flood the living spaces with natural light, creating a sense of volume and warmth that is hard to find in urban rentals. These units offer the kind of scale and layout that keeps occupancy high and turnover low. Anchoring the building is a thriving commercial space occupied by a long-term triple net (NNN) tenant. With a recently signed five-year renewal and an additional five-year option on the table, the ground floor provides the kind of stability and hands-off management investors crave. This is an investor’s dream defined by immediate cash flow, significant upside, and a location that continues to see incredible momentum. Between the steady commercial income and the high-demand residential units, the value proposition here is undeniable. Don’t miss this opportunity to own this great building.

1642 SOUTH STREET

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