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29444789
29429925

1614 S Broad St, Philadelphia, PA 19145

JK
PA PA362457, NJ 2559900
SDG Real Estate
SS
PA RM424801
SDG Real Estate
Listed by SDG Real Estate
Unpriced
137 days on market
Updated 68 days ago
Under Contract Opportunity zone

1614 S Broad Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,492
Units 7
Occupancy 100%
Class B
Lot Size (SqFt) 1,476
Zoning RSA5
Investment Type Value Add
Ownership Fee Simple

$142,857/unit

Marketing description

Situated along the South Broad Street corridor, 1614 S Broad St offers the opportunity to acquire a well-maintained multifamily property in a highly accessible, transit-oriented location in South Philadelphia, generating annual rental income of $98,378.

The property consists of seven one-bedroom, one-bathroom units, all of which have been consistently cared for by current ownership. Several units have been fully renovated, including one renovated unit located below grade, demonstrating the achievable finish level and rent potential within the building. The remaining units are in solid condition and present light value-add opportunities through future turnover, allowing for incremental rent growth without the need for extensive capital investment.

Located directly on the Broad Street Line, the property benefits from excellent connectivity to Center City, Passyunk Square, and major employment centers, supporting strong and durable tenant demand. Ongoing investment along the Broad Street corridor continues to reinforce the area’s appeal and long-term rental fundamentals.

With in-place income, a history of maintenance, and clear upside through unit-by-unit improvements as tenants turn, 1614 S Broad St is well positioned for investors seeking a stabilized asset with manageable growth potential in a proven South Philadelphia market.

Listing Contacts

JK
PA PA362457, NJ 2559900
SDG Real Estate
SS
PA RM424801
SDG Real Estate
Listed by SDG Real Estate

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Additional Information

Name
Jason Kleinman
License
PA362457
Brokerage
SDG Management LLC
Brokerage Phone
6093354016
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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