Turnkey Mixed-Use Investment
2223 2223-2229 S 7th St Philadelphia, PA 19148
New
2223 2223-2229 S 7th St, Philadelphia, PA, 19148
$1,198,000
For Sale
$1,198,000
Includes four adjacent buildings with four retail storefronts and six apartments in very good condition.
Property Size6,900 SF
Price / SF$173.62
Days on Market3
Property Features for 2223 2223-2229 S 7th St
General Information
- Standard status
- Active
- Size
- 6,900 SF
Building Details
- Year Built
- 1945
Listing agency
Liberty Real Estate
(267) 767-7612
Listed by
Richard Q Li · License #RM421130
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 1:58PM Checked: Jul 22 at 4:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liberty Real Estate
Investment Insights
Based on property information with market context.
This turnkey investment package consists of four mixed-use properties positioned right next to each other. The offering includes four retail storefronts and six apartments, and the buildings are described as being in very good condition.
The properties are located in South Philadelphia and can be purchased as a package or separated if you prefer to buy only the two 3-story buildings.
As presented, this is a consolidated mixed-use setup combining income-producing retail and residential units within a closely grouped ownership layout, with the seller indicating flexibility for a partial purchase.
The properties are located in South Philadelphia and can be purchased as a package or separated if you prefer to buy only the two 3-story buildings.
As presented, this is a consolidated mixed-use setup combining income-producing retail and residential units within a closely grouped ownership layout, with the seller indicating flexibility for a partial purchase.
Key Highlights
- Includes four adjacent buildings with four retail storefronts and six apartments
- Year built: 1945
- Buildings are described as in very good condition
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $209.5k | $30.36 |
| − Vacancy | −$12.2k | −$1.76 |
| EGI | $197.3k | $28.60 |
| − OpEx | −$88.8k | −$12.87 |
| NOI | $108.5k | $15.73 |
6,900 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,534 @ 7.0% cap · market cap 9.06%
Second Best
Mixed Use
$1.17M
$1.02M – $1.37M
NOI $81,972 @ 7.0% cap · market cap 6.84%
Theoretical Best
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,748 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tasty Tea
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Includes four adjacent buildings with four retail storefronts and six apartments in very good condition.
Where is this mixed-use property located?
The property is located at 2223 2223-2229 S 7th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Includes four adjacent buildings with four retail storefronts and six apartments; Year built: 1945; Buildings are described as in very good condition
