1600 E PASSYUNK AVE Philadelphia, PA 19148

Welcome to 1600 East Passyunk Avenue. This 3-story, 3 unit mixed-use property sits at the bustling intersection of East Passyunk Avenue and Tasker Street with views of the Singing Fountain and is surrounded by some of the citys best restaurants and local shopping. The asset is zoned CMX-2, anchored by a long-standing mens clothing store (Metro), and features two renovated two-bedroom units. This is a prime investment property that offers short-term value add with flexible leases and under-market rents, while adding major value for long-term holders considering its unique positioning in one of the best neighborhood commercial corridors in Philadelphia. Rents: unit 1 (commercial) $3,050/mo Gross, lease expiration 3/31/24, unit 2 (two bedroom, one bath) $1,942/mo, lease expiration 5/31/22, unit 3 (two bedroom, one bath) $1,500/mo, lease expiration 4/15/22.