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$ 1,550,000
Est. payment /mo
New
1520 N 7TH ST Philadelphia, PA 19122
7,326 SqFt
UPDATED:
01/09/2025 12:01 AM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,326 sqft
Price per Sqft $211
Subdivision Olde Kensington
MLS Listing ID PAPH2433106
Originating Board BRIGHT
Year Built 2019
Annual Tax Amount $2,144
Tax Year 2024
Lot Size 2,261 Sqft
Acres 0.05
Lot Dimensions 33.00 x 69.00
Property Description
Amazing investment opportunity. This modern, fully occupied 5-unit multi-family property, built in 2020, is situated in the highly sought-after Olde Kensington neighborhood of Philadelphia just steps from the Main Campus of Temple University as well as Fishtown and Northern Liberties. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth and immediate rent increases. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors, and includes approximately five years remaining on a tax abatement. The unit mix includes two (2) 1-bedroom, 1.5-bathroom units, one (1) bi-level 2-bedroom, 2.5-bathroom unit, and two (2) bi-level 3-bedroom, 3-bathroom units, one with private backyard access. Don't miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Taxes, remaining abatement term and square footage are the responsibility of the buyer to have verified. Nine property portfolio, can be purchased individually or as a full / partial portfolio (2243 N. Broad St., 2207 N. Broad St., 1730 Ridge Ave., 1230 N Marshall St., 1520 N. 7th St., 1805 N. 6th St., 1917 N. 7th St., 2010 N. 8th St., 1540 W. Tioga St.).
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 202022200
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Jim Onesti • KW Empower
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