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1602 South Broad Street

Philadelphia PA 19145

4
3833 sq. ft.
1640 sq. ft.
Duplex
Currently for sale - view listing

Overview

1602 S Broad St is a fully renovated, income-producing triplex located in the heart of South Philadelphia?s bustling Broad Street corridor. The property consists of a leased commercial storefront and two leased residential apartments, offering a turnkey investment with immediate cash flow. Each unit has been meticulously updated with a blend of original architectural character and modern finishes. Interiors feature high ceilings, large windows, in-unit laundry, stainless steel appliances, quartz countertops, and designer tile bathrooms. Smart home upgrades and thoughtful design choices throughout enhance the appeal for both commercial and residential tenants. The building sits just steps from the Tasker-Morris Broad Street Line station, providing easy access to Center City and other parts of the city via public transit. It?s also located around the corner from the popular Passyunk Square neighborhood, known for its vibrant mix of restaurants, boutiques, and cafes. This high-visibility location benefits from strong foot traffic, dense residential surroundings, and continued growth in the surrounding area. With all units leased and minimal maintenance required, 1602 S Broad St is a strong addition to any investment portfolio.

Features

4 bedrooms
3833 sq. ft. floor area
1640 sq. ft. lot size
Duplex

Property history for 1602 South Broad Street

2021
Sold
$515,000
01 Nov 2021 by Jason Rabinovich

Happy sellers in Philadelphia

<50%
50% of sellers in Philadelphia reported that their sale price either exceeded or met their price expectations.

Philadelphia stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Philadelphia over the last 12 months.

Local market activity for 4 bedroom duplexes in Philadelphia

In the last 12 months, 8 four-bedroom duplexes similar to 1602 South Broad Street, have been sold.

This represents a 33% decrease in four-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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