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.
Presented By: JBMP Group
Interior Features for 1218 N 7Th Street
Bedrooms
Three Bedroom Units Count1
Other Interior Features
LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterOther
General for 1218 N 7Th Street
AccessibilityNone
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelOther
CoolingCentral A/C
CountyPHILADELPHIA
Directions.
Garage Y/NNo
HeatingOther
Lot Size Square Feet2071.00
Lot Size UnitsSquare Feet
MLS Area19122 (19122)
ModificationTimestamp2025-01-24T12:54:00
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG251.89
Property SubtypeTriplex
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
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