1216 North 7th Street
1216 North 7th Street
$800,000
—
3,315
3,315
$241
Closed 11/20/23
Virtual Tour
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 $1950/month with a lease ending on 7/28/24. Unit #2, a two-bedroom, one and a half-bathroom unit, featuring a large layout with wrap-around...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 $1950/month with a lease ending on 7/28/24. 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 7/3/24. Unit #3 has two bedrooms and two bathrooms, plus exclusive access to a private roof deck offering spectacular cityscape views, rented for $1600/month with the lease expiring on 6/27/24. 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.
- Listed by Jonathan Beaulieu • JBMP GroupP: 2676192108 jon.beaulieu@jbmpgroup.com
Property Details for 1216 North 7th Street
Tax ID Number
141056010
OwnershipFee Simple
Structure TypeOther
StyleOther
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Total Parking Spaces0
Location
LISTING UPDATED: 11/27/2023 10:27 AM
Property Details for 1216 North 7th Street
Status | Closed |
---|---|
MLS # | PAPH2258700 |
Days on Market | 79 |
Taxes | $2,239 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2017 |
Lot Size | 0.05 AC / 2,070 SF |
County | Philadelphia County |
Location
Virtual Tour
Building Information for 1216 North 7th Street
Stories-Residences3Year Built2017Building Size-Lot Size0.05 AC / 2,070 SF
Payment Calculator
$4,553 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1216 North 7th Street
Property History for 1216 North 7th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1216 North 7th Street
Taxable ValueLand$238,320Additions-Total$238,320
Tax Record2022$2,725 ($227 / month)
Home Facts
Total Finished SqFt3,316 SqFtAbove Grade Finished SqFt3,316 SqFtStories3Lot Size2,070 SqFtStyleMulti-Family Dwelling (2-4)Year Built2017ZoningRM1CountyPHILADELPHIAAPN14-1-0560-10
Schools near 1216 North 7th Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ludlow James R School PublicPK to 8 | ||
Penn Treaty Middle School Public6 to 12 | ||
Bodine William W High School Public9 to 12 | ||
The U School: Innovative Lab Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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