BEDS0
BATHS
SQUARE FEET3,459
MLS#PAPH2663422
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPHILADELPHIA CITY
Property Description
Welcome to 1618 S Broad St, a beautifully renovated triplex offering an exceptional opportunity to own a turnkey, income-producing asset in one of South Philadelphia’s rapidly evolving neighborhoods. The property has been 100% renovated and is currently 100% occupied, featuring two spacious 2-bedroom, 2-bathroom units and one 3-bedroom, 2-bathroom unit. All tenants are secured under leases through 2027, providing an investor with immediate, stable cash flow and long-term occupancy. The building generates $78,720 in annual rental income and, at a 6.5% interest rate, delivers an attractive 1.32 DSCR, making this an excellent opportunity for investors seeking strong debt-service coverage and a turnkey multifamily asset. Beyond the numbers, the location is a major part of the story. Situated on S Broad St, the property benefits from the continued transformation of the surrounding area, with Passyunk Square, Newbold, and Point Breeze all contributing to the neighborhood’s growing appeal. As development continues and property values rise throughout South Philadelphia, 1618 S Broad St offers investors the opportunity to acquire a fully renovated asset in an area with significant momentum.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Ductless/Mini-Split
Fuel Type: Electric
Heating: Heat Pump(s)
Home Style: Traditional
Lot Size: 0.03 Acres
Taxes: $9,282
Year Built: 1915
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 6
Exterior: Masonry
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Three Bedroom Units: 1
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: SDG Management, LLC
Agency Phone: 2672392424
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,787.29 per month $1,780.45 Principal & Interest $773.50 Property Tax $233.33 Homeowner's InsuranceChange Payment Information
1618 S Broad Street | MLS# PAPH2663422
This multi-family property located at 1618 S Broad Street , Philadelphia, PA 19145 is currently listed for sale with an asking price of $800,000. S Broad Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymarkllc.com today.