1229 6TH STREET, Philadelphia, Pennsylvania 19147 For Sale

A rare opportunity to acquire a mixed-use asset in a prime location, combining immediate returns with future value creation. 6.7% cap rate with potential to exceed 8% through rent growth and value-add improvements. An exceptional mixed-use investment opportunity in the heart of Passyunk Square, offering stable in-place income with clear long-term upside. This corner property features a ground-floor commercial space positioned for a coffee concept, complemented by 3 fully leased 1-bedroom apartments above. With strong neighborhood foot traffic and proximity to East Passyunk Avenue, the asset benefits from both residential demand and commercial viability. Currently generating approximately $5,150/month, the property delivers consistent cash flow with a clear path for growth. Projected rental income of approximately $5,700–$6,000/month can be achieved through strategic rent increases, value-add improvements to the residential units, and continued commercial optimization.