Listed By:
JBMP Group; info@jbmpgroup.com;(267) 797-2175
Address
1216 N 7Th Street, Philadelphia, PA
Price
$ 5,100,000
Property Attributes
  • MLS#PAPH2153194
  • TypeMulti-Family
  • MunicipalityPHILADELPHIA
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19122
  • Zip19122
  • Style
  • Year Built2017
  • Taxes$ 2725
  • Price$ 5,100,000
  • Bedrooms42
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description

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.

Price History
8/29/2022 Listed $5,100,000

General Features

Accessibility None
Architectural Style Other
Construction Materials Masonry
Cool Fuel Other
Cooling Central A/C
County PHILADELPHIA
Days on Market 35
Garage Y/N No
Heating Other
Lot Size Square Feet 2070.00
MLS Area 19122 (19122)
New Construction No
Other Structures Above Grade, Below Grade
Percent Ownership Fee Simple
Pool Y/N No Pool
Possession Negotiable
Price Per Sq Ft 1538.46
Property SubType Other
Property Type Multi-Family
School District THE SCHOOL DISTRICT OF PHILADELPHIA
School District 300200397108
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Tax Annual Amount 2725.0
Tax Lot 258
Tax Year 2022
Total Units 3
Two Bedroom 12
Vacation Rental Y/N No
Water Access Y/N No
Waterfront Y/N No
Zoning RM1

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Other
Three Bedroom Units Count 6

Exterior Features

Living Area 3315
Foundation Details Other
Lot Dimensions 25.00 x 85.00
Lot Size Acres 0.05
Lot Size Source Assessor
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19122

Price
AVG $760K
$5.1M
Taxes
AVG $2,358
$2,725
Visits
AVG 31
58
Year Built
AVG 1957
2017

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