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Description

This is a RARE OPPORTUNITY to acquire two contiguous buildings located at 612-614 S. 4th Street, comprising a total of 10 FULLY LEASED UNITS-eight residential apartments and two ground-floor commercial spaces. The residential section includes eight high-end apartments, ACCESSED VIA A PRIVATE, GATED ENTRANCE on Leithgow Street. The unit mix consists of four spacious TWO-BEDROOM APARTMENTS AND FOUR BI-LEVEL ONE-BEDROOM UNITS, all thoughtfully designed and finished to a premium standard. Spanning approximately 8,000 square feet, this impressive DOUBLE-WIDE PROPERTY is situated in one of the city's most desirable and HIGH-TRAFFIC NEIGHBORHOODS. The location offers exceptional walkability, just steps from some of Philadelphia's most iconic historic attractions, including Old City landmarks, dining, shopping, and cultural destinations. The two commercial spaces are occupied by established, creditworthy tenants under long-term leases, currently operating as a UPS store and a nail salon. Both storefronts benefit from strong visibility and multiple points of egress, enhancing their long-term desirability and functionality. Residential units include HARDWOOD FLOORING, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, CUSTOM CHERRY CABINETRY, DESIGNER-TILED BATHROOMS, central air conditioning, and access to a ROOF TOP DECK. All utilities-including water-are separately metered and paid directly by tenants, minimizing owner expenses and simplifying management. With its prime location, high-quality construction, and reliable tenancy, the property offers a significantly stronger return profile compared to traditional banking or low-yield investments, along with consistent annual upside.

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Parking

Taxes

Market Activity 19147

MLS Number: PAPH2604900

Listing Provided By: Nancy L Alperin – (215) 620-0099 – nancyalperin@maxwellrealty.com

MAXWELL REALTY COMPANY – (215) 546-6000