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1520 N 7th St
For Sale $1,550,000
$1,550,000
- 5 Units
- Unknown Sq Ft
- 2,261 Sq Ft
- Unknown Cap Rate
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.).
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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 | $1,550,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2019 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 202022200 |
| MLS # | PAPH2433106 |
| Property ID | 321154861 |
| Lot Sqft | 2,261 |
| Zoning | RM1 |
| Total Units | 5 |
| Days on Market | 2 |
| Original List Price | Unknown |
| Date Updated | January 07, 2025 |
| Date Created | January 06, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Jim Onesti an agent of KW Empower. Lic #RS224457L
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Data last updated: January 08, 2025.
Robert Crawford
REAL ESTATE AGENT