Photo of 1218 N 7th Street, Philadelphia PA
     
1218 N 7th Street
Philadelphia, PA 19122
19122 Northern Liberties
The School District Of Philadelphia
Philadelphia County
Asking Price$835,000
# of Units3
2 Bdrm Units2
3 Bdrm Units1
Acres0.05
Interior SqFt3,315
Age8
HeatingNatural Gas
CoolingCentral A/C
WaterPublic
SewerPublic
Garages0
Taxes (2025)2,361

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.

Room Sizes

Location


Details
Exterior Features - Masonry
Cooling - Central A/C
Sewer - Public Sewer
Water - Public

Notes
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Assessment : 0
Latitude : 39.971420
Longitude : -75.148200
EveryHome Number : APH241-41016
Listing Courtesy JBMP Group
Zoning Designation RM-1