$ 800,000
-
$800,000
Price -
3,833
SqFt -
0.04
Acre
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About the Listing SDG1 - 3334675
Introducing 1602 S Broad Street, a newly renovated mixed-use property featuring two residential units above a ground-floor commercial space, ideally located near Passyunk Square. The approximately 1,000 SF commercial unit is currently zoned for use as a medical office. Unit 2 is an 844 SF, 2-bedroom, 1-bath apartment, while Unit 3 offers approximately 1,200 SF with 2 bedrooms and 2 full bathrooms. All three units are currently vacant and listed for lease, providing flexibility for an investor or qualified owner-occupant. The property can also be delivered occupied should a buyer prefer a stabilized investment. At the $800,000 asking price and based on current listed rents, the property projects a pro forma NOI of $52,086, representing a 6.51% cap rate and a 1.23 DSCR at a 6.5% interest rate. With newly renovated interiors, flexible occupancy options, and a prime South Broad Street location, 1602 S Broad presents an attractive opportunity for both investors and owner-occupants.
Listing Highlights for 1602 S Broad St
Status
Active
Days on Site
29
Property Type
Commercial Sale
MLS ®
PAPH2678146
Year Built
1915
Total Square Footage
3,833
Lot/Acreage
0.04
Interior Details
- Appliances:
- Air Cond: Ductless/Mini-Split
- Heating: Forced Air
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 20.00 x 82.00
- Zoning: RSA5
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $7,779
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2027
Payment Calculator
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Listing Location
Questions About..
1602 S Broad St Philadelphia, PA 19145
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