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2513 N 7TH Street

PHILADELPHIA, PA 19133
  • $750,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: PAPH2180428
UPDATED: 47 min ago
$750,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,750
    SQFT
  • $200
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Description

Calling all investors! Do not miss your opportunity to acquire this thoughtfully designed new construction, triplex located in one of Philadelphia+GGs fastest growing sub-markets. The building will be part of the last wave of assets to deliver that offers the full 10-year tax abatement. Additionally, the location of this asset qualifies the building for highly sought after QOZ benefits. A projected 7.13% cap rate was determined based on conservative rent projections and closed market comps. This multi-family build also creates a nice opportunity for an owner occupant investor that wishes to live in one unit, rent out the other while taking advantage of primary residency financing. Each unit offers a functional floorpan, efficient kitchen set-up, upgraded stainless steel appliance packages, washer/dryer, and private outdoor space. With equally sized bedrooms and 1:1 ratio of beds/baths in each unit, this building positions itself to be an extremely attractive option for renters searching for their next home! Unit 1 is a 3BR/3BA bi-level space with a private rear patio.Unit 2 is a 2BR/2BA with rear deck/balcony.Unit 3 is a 2BR/2BA with private roof deck access spanning the length of the property. *Note: Many assets to be delivered in 2023 and later will only qualify for the new +G+step down+G- abatement, which reduces its+GG benefit each year by 10%. This property will have taxes abated for the full 10 year term. 2513 N 7th can also be included as part of a package sale with 2453 N 6th and/or 2438 N Mascher.Ask your agent to review all digital material and documentation prior to touring. 3D Matterport tours are included.Projected annual income is $62,880 Listing agent underwriting attached for reference purposes only.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-01T18:51:28.65.
www.lisasellsdelaware.com/homes/134865272
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2513 N 7TH Street PHILADELPHIA, PA 19133

  • Price: $750,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 47 min ago
  • ID#: PAPH2180428
0
Beds
0
Baths
0
½ Baths
0.03
Acres
3,750
SQFT
$200
$/SQFT
2022
Built
Neighborhood:
19133 (19133)
County:
Philadelphia
Area:
19133 (19133)
School District:
The School District Of Philadelphia
Property Description
Calling all investors! Do not miss your opportunity to acquire this thoughtfully designed new construction, triplex located in one of Philadelphia+GGs fastest growing sub-markets. The building will be part of the last wave of assets to deliver that offers the full 10-year tax abatement. Additionally, the location of this asset qualifies the building for highly sought after QOZ benefits. A projected 7.13% cap rate was determined based on conservative rent projections and closed market comps. This multi-family build also creates a nice opportunity for an owner occupant investor that wishes to live in one unit, rent out the other while taking advantage of primary residency financing. Each unit offers a functional floorpan, efficient kitchen set-up, upgraded stainless steel appliance packages, washer/dryer, and private outdoor space. With equally sized bedrooms and 1:1 ratio of beds/baths in each unit, this building positions itself to be an extremely attractive option for renters searching for their next home! Unit 1 is a 3BR/3BA bi-level space with a private rear patio.Unit 2 is a 2BR/2BA with rear deck/balcony.Unit 3 is a 2BR/2BA with private roof deck access spanning the length of the property. *Note: Many assets to be delivered in 2023 and later will only qualify for the new +G+step down+G- abatement, which reduces its+GG benefit each year by 10%. This property will have taxes abated for the full 10 year term. 2513 N 7th can also be included as part of a package sale with 2453 N 6th and/or 2438 N Mascher.Ask your agent to review all digital material and documentation prior to touring. 3D Matterport tours are included.Projected annual income is $62,880 Listing agent underwriting attached for reference purposes only.
Exterior Features

Architectural Style Contemporary Construction Materials Vinyl SidingOther Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Patio And Porch Features BalconyPatio(S)Deck(S) Pool No Pool Property Condition Excellent Riparian Rights YN No Roof Fiberglass Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3750 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Fireplaces Total 0 Heating Central Heating YN Yes Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 2 Walls Ceilings Dry Wall

Property Features

Accessibility Features Other Assessment Year 2022 Central Air YN Yes Construction Completed YN Yes Cooling Fuel Electric Cross Street W Cumberland Foundation Details Other Gross Income 62880.00 Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N Net Operating Income 53448.00 New Construction YN Yes Number Of Units Total 3 Original MLSNumber 802017540894 Ownership Interest Fee Simple Possession 0-30 Days Cd31-60 Days Cd61-90 Days Cd Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 489.00 Tax Assessment Amount 35000.00 Tax Lot 12 Vacation Rental YN No Water Source Public Zoning Rm1

Listing courtesy of Coldwell Banker Realty: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-01T18:51:28.65.
 
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