1218 N 7TH ST, Philadelphia, PA 19122 - MLS#PAPH2410704

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Adam Ferst

[email protected] +1(202) 421-5500

$835,000

Est. payment - /mo

3,315 SqFt

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UPDATED:

10/16/2024 03:52 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,315 sqft

Price per Sqft $251

MLS Listing ID PAPH2410704

Style Other

Abv Grd Liv Area 3,315

Originating Board BRIGHT

Year Built 2017

Annual Tax Amount $1

Tax Year 2024

Lot Size 2,071 Sqft

Acres 0.05

Lot Dimensions 25.00 x 85.00

Property Description

This cash flowing three-unit property sits in the coveted 19122 zip code, just a short stroll away from the bustling shops, eateries, and coffee shops of Frankford Ave and Fishtown, and steps away from the Piazza and Northern Liberties. Unit #1 is a split-level unit with three bedrooms and three bathrooms, includes a large living space with rear yard, and is rented for $1831/month with a lease ending on 6/23/2025. Unit #2, a two-bedroom, one and a half-bathroom unit, featuring a large layout with wrap-around kitchen and rear deck, which is leased for $1500/month, through 8/26/2025. Unit #3 has two bedrooms and two bathrooms, plus exclusive access to a private roof deck offering spectacular cityscape views, rented for $1650/month with the lease expiring on 7/26/2025. The building, built in 2017, provides ownership with several options: keep it as a high cash flowing rental property, live in one unit while leasing the others, or transform the property into three condominiums for individual sale. Each unit has been well maintained since completing and features high ceilings, private outdoor areas, recessed lighting, intercom systems, and abundant natural light. The property still has about four years left on its tax abatement. 3D tours available in the video section, pro-forma available upon request.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM-1

Interior

Hot Water Other

Heating Other

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 141056110

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Jonathan Beaulieu • JBMP Group

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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