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1412 S 7th St
For Sale $2,200,000 ($175.61 per Sq Ft)
$2,200,000 ($175.61 per Sq Ft)
- 1 Units
- 12,528 Sq Ft
- 6,937 Sq Ft
- Unknown Cap Rate
Description
Introducing the Griffiti Lofts, a remarkable 8-unit fully occupied stabilized building located at 1412 S 7th St. This contemporary property features a combination of one-bedroom and two-bedroom apartments, each thoughtfully designed to maximize space and comfort. The building also offers 11 garage parking spaces, currently rented to tenants and neighbors, providing a valuable income stream.
Renovated in 2013, the Griffiti Lofts seamlessly blend modern living with artistic flair. The common areas are adorned with captivating artwork that highlights the unique characteristics and vibrant culture of Philadelphia, creating an inviting atmosphere for residents and visitors alike.
This property represents an excellent investment opportunity, with stable occupancy and a strong rental history. Located in a desirable neighborhood, the Griffiti Lofts provide easy access to local amenities, public transportation, and the bustling energy of the surrounding area.
Don’t miss your chance to invest in this beautifully maintained building that showcases the best of urban living in Philadelphia. Please reach out to listing brokers for offering memorandum.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,200,000 |
| Property Type | Other |
| Usable Sqft | 12,528 |
| Number of Stories | 0 stories |
| Parking Spots | 11 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881573530 |
| MLS # | PAPH2428758 |
| Property ID | 321123366 |
| Lot Sqft | 6,937 |
| Zoning | RSA5 |
| Total Units | 1 |
| Days on Market | 45 |
| Original List Price | Unknown |
| Date Updated | January 24, 2025 |
| Date Created | December 16, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $190,908 | $0 |
| Net Income (Yr) | $ 148,281 |
Listing Provided By
Stephen D. Stafford an agent of SDG Management, LLC. Lic #RM424801
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Data last updated: January 30, 2025.
Robert Crawford
REAL ESTATE AGENT