1110-12 South Street presents a rare opportunity to acquire a 2016-built, fully occupied mixed-use investment property along one of Philadelphia's most recognizable commercial corridors. The four-story building consists of seven residential apartments and one ground-floor commercial space, offering an attractive combination of stabilized income, modern construction, and future upside.
The residential mix includes six one-bedroom apartments and one three-bedroom apartment, with modern finishes, hardwood flooring, large windows, and individually conditioned units and water heaters. The property is sprinklered and was purpose-built in 2016, providing an ownership profile that stands apart from the older multifamily and mixed-use inventory commonly found throughout the surrounding neighborhood.
Residential rents are generally well positioned within the current market, while the commercial lease runs through March 31, 2027, creating a near-term opportunity for the next owner to capture additional value from the South Street storefront.
With its newer construction, strong occupancy, diversified residential and commercial income, and prominent South Street location, 1110-12 South Street is ideally suited for a 1031 exchange buyer, private investor, or portfolio owner seeking a stabilized and relatively easy-to-manage Philadelphia investment property with long-term upside.
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