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1512 N 7TH ST Philadelphia, PA 19122
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Key Details
Sold Price $495,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,517 sqft
Price per Sqft $196
Subdivision Olde Kensington
MLS Listing ID PAPH2230616
Sold Date 08/28/23
Style Traditional
Abv Grd Liv Area 2,517
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,717
Tax Year 2023
Lot Size 1,807 Sqft
Acres 0.04
Lot Dimensions 26.00 x 70.00
Property Description
Ready for your next investment in a rapidly growing and developing neighborhood? This legal triplex is in the heart of Olde Kensington, surrounded by character as well as new construction. Expand your existing portfolio or start to build wealth by living in one unit and renting out the other two! All three units are vacant and ready to rent. Rents for two bedroom units in the area range from $1,300 to $2,400 and rents for three bedroom units range from $1,525 to $3,900. The current owners have been meticulous in maintaining each unit, maintaining licensing and Lead Safe Certification (currently certified until 2025). Roof is brand new- replaced in March 2023 with a transferrable warranty. Property has fire alarm system throughout. First floor unit is three bedrooms and one full bathroom. There is basement access through the first floor unit with access to another room with closets and a second full bathroom. This room can be locked to separate from the rest of the basement. Basement is also accessible through the entry hallway. Basement contains all mechanics for the building- three separate water heaters (2016, 2016, 2020) and heaters (unk, 2020, 2020) and gas/electric meters. Water is paid by owner. There is room for laundry in the basement. Second Floor unit is two bedrooms and one bath and third floor unit is two bedrooms and one bath. There is an outdoor living area that is fenced in with a locking gate on the side of the home. This property is convenient to public transportation, 95, Girard Ave, and lots of new restaurants and things to enjoy!
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Exterior Feature Patio(s)
Water Access N
Accessibility None
Porch Patio(s)
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 202021800
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Andrew Joseph Lobosco • Keller Williams Main Line