1216 N 7TH STREET

PHILADELPHIA, PA, 19122

$5,100,000

$1,538 per ft²
$5,100,000
$1,538 per ft²
Active
Active
 - For Sale
carpenters-square
3,315 ft²
property_type
Townhouse
calendar
Built 2017
JBMP Real Estate Group, LLC (“JBMP”) is pleased to extend to qualified investors the opportunity to acquire 1216-22 N 7th Street (the “Property”) an 18 unit portfolio located less than two miles from Center City, Philadelphia. The Property presents the unique opportunity to acquire a well located, cash flowing investment with significant upside potential located in the highly sought after 19122 zip code. The Property is perfectly positioned in the market as a convenient and an affordable option for graduate students and young professional renters as rates in 19123 and 19125 continue to increase dramatically year-over-year. All units include top of the line finishes and features that have created significant leasing demand, allowing for minimal vacancy and a high quality tenant base. The Property will be sold fully stabilized at market rents with 4+ years remaining on the tax abatement. The unit mix consists of six (6) three bedroom units, and twelve (12) two bedroom units. Each unit features a desirable open-concept layout, with all units including a private outdoor space. The Property is strategically positioned within walking distance on Fishtown, Northern Liberties, and Temple University allowing for a diverse tenant base of students and young professionals. NOTE: This listing is for 6 triplexes/18 units, the MLS only allows up to 3 units in the unit count field on the listing.
MLS® ID:
PAPH2153194
Updated:
3/24/23
Compass - Kristen Foote & Co.
Kristen Foote

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Other

Exterior/Building Features

Lot Size
2,070 ft² lot
Exterior Features
Above Grade, Below Grade
Architectural Style
Other
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19122 (19122)
Taxes
$3336.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
RM1
Sub Agency Compensation
0
Buyer Agency Compensation
2.25
Transaction Broker Compensation
0

Courtesy of JBMP Group, Jonathan Beaulieu

Listing Contact:  

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Data last updated 5:32 PM UTC, 3/24/23

Compass - Kristen Foote & Co.
Kristen Foote
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