Description
Welcome to 1229 S 6th Street " a prime mixed-use investment in Philadelphias desirable Passyunk Square neighborhood. This well-maintained corner property features a ground-floor commercial space with three fully occupied 1-bedroom/1-bath apartments above, offering a 7% cap rate with potential to reach 8%+ through rent increases or new tenants.The commercial storefront provides excellent visibility and foot traffic, currently operating as a dentist's office. Each apartment is separately metered and features updated kitchens and baths, hardwood floors, and strong rental history.Zoned CMX-2, the property allows for flexible use and future redevelopment. Located steps from Passyunk Avenues top restaurants, cafs, and shops, and minutes from Center City and I-95, this is a turnkey, income-producing property with strong upside potential.
-
0BEDS
-
0.03ACRES
-
0BATHS
-
01/2 BATHS
Description
Welcome to 1229 S 6th Street " a prime mixed-use investment in Philadelphias desirable Passyunk Square neighborhood. This well-maintained corner property features a ground-floor commercial space with three fully occupied 1-bedroom/1-bath apartments above, offering a 7% cap rate with potential to reach 8%+ through rent increases or new tenants.The commercial storefront provides excellent visibility and foot traffic, currently operating as a dentist's office. Each apartment is separately metered and features updated kitchens and baths, hardwood floors, and strong rental history.Zoned CMX-2, the property allows for flexible use and future redevelopment. Located steps from Passyunk Avenues top restaurants, cafs, and shops, and minutes from Center City and I-95, this is a turnkey, income-producing property with strong upside potential.
©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-12-08T10:53:28.923.