Philadelphia Real Estate & Philadelphia Homes for sale at Philly Living

For more information or to see this property contact the Philly Living team at (267) 238-1085

Unique 3 property South Street parcel includes 623 and 625 South Street plus 624 Rodman Street. There are two stores on South Street rented for $6,180/m and $5,000/m repectively. The conjoined second floor has three fully rented offices($900,$750,$900) and the third floor contains three renovated apartments with separate utilities,($1,250,$950,$900). All three properties combined are approximately 10,000 sq. ft. Fully rented it's roughly an 11% cap rate! 623 South Street's store lease extends until 2011 with an option for another 5 year term. However, 625 South Street is on a month to month basis and may potentially be vacated for a user's business.

Listed by Plumer & Associates Inc.