1618 S Broad St - Apartments FOR SALE


Philadelphia, PA 19145- Point Breeze
$950,000 USD
267-243-4652
1618 S Broad St, Philadelphia, PA for Sale
$950,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

1618 S Broad St
Philadelphia, PA 19145
Point Breeze


HIGHLIGHTS

  • Prime Location Near Methodist Hospital
  • Modern Luxury Interior Finishes
  • Stabilized Asset with Strong In-Place Income
  • High-Visibility Broad Street Corridor Location

OVERVIEW

Philly CRE Advisors proudly presents 1618 S Broad St, a well-maintained multifamily asset prominently positioned along the highly visible Broad Street corridor in South Philadelphia’s Newbold neighborhood, offering a compelling opportunity for investors seeking strong in-place cash flow in one of the area’s most strategically located and steadily appreciating corridors. The property consists of three well-appointed residential units featuring modern finishes, central air, in-unit washer and dryer, and updated mechanical systems, providing contemporary comfort with minimal near-term capital expenditure requirements. The unit mix includes Unit 1, a 2-bedroom, 2-bathroom residence leased at $2,100 per month; Unit 2, a 2-bedroom, 2-bathroom residence leased at $2,200 per month; and Unit 3, a 3-bedroom, 2-bathroom residence leased at $2,100 per month, generating a total of $6,400 per month ($76,800 annually) in gross residential income and delivering immediate stabilized cash flow supported by strong rental fundamentals. Located steps from Methodist Hospital, the South Philadelphia Sports Complex, and the vibrant Passyunk Avenue dining and retail corridor, the property benefits from exceptional visibility, accessibility, and proximity to Broad Street transit with seamless access to Center City, positioning the asset for long-term appreciation and sustained rental demand in one of South Philadelphia’s most active and resilient submarkets.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

3

PRICE/UNIT

$316,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,481 SF

ZONING

rsa5

APN/PARCEL ID

365009800

ASK ABOUT THIS PROPERTY

Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

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Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.