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Off market

Buy a townhomeat 1216 N 7TH STREET, PHILADELPHIA, PA 19122

$5,100,000

$0/mo

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Multifamily

3,315 Sq. Ft.

2,178 Sq. Ft. lot

605 Days on market

PAPH2153194 MLS ID

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About 1216 N 7TH STREET townhome

JBMP Real Estate Group, LLC (''JBMP'') is pleased to extend to qualified investors the opportunity to acquire 1216-22 N 7th Street (the ''Property'') an 18 unit portfolio located less than two miles from Center City, Philadelphia. The Property presents the unique opportunity to acquire a well located, cash flowing investment with significant upside potential located in the highly sought after 19122 zip code. The Property is perfectly positioned in the market as a convenient and an affordable option for graduate students and young professional renters as rates in 19123 and 19125 continue to increase dramatically year-over-year. All units include top of the line finishes and features that have created significant leasing demand, allowing for minimal vacancy and a high quality tenant base. The Property will be sold fully stabilized at market rents with 4+ years remaining on the tax abatement. The unit mix consists of six (6) three bedroom units, and twelve (12) two bedroom units. Each unit features a desirable open-concept layout, with all units including a private outdoor space. The Property is strategically positioned within walking distance on Fishtown, Northern Liberties, and Temple University allowing for a diverse tenant base of students and young professionals. NOTE: This listing is for 6 triplexes/18 units, the MLS only allows up to 3 units in the unit count field on the listing.
JBMP Real Estate Group, LLC (''JBMP'') is pleased to extend to qualified investors the opportunity to acquire 1216-22 N 7th Street (the ''Property'') an 18 unit portfolio located less than two miles from Center City, Philadelphia. The Property presents the unique opportunity to acquire a well located, cash flowing investment with significant upside potential located in the highly sought after 19122 zip code. The Property is perfectly positioned in the market as a convenient and an affordable option for graduate students and young professional renters as rates in 19123 and 19125 continue to increase dramatically year-over-year. All units include top of the line finishes and features that have created significant leasing demand, allowing for minimal vacancy and a high quality tenant base. The Property will be sold fully stabilized at market rents with 4+ years remaining on the tax abatement. The unit mix consists of six (6) three bedroom units, and twelve (12) two bedroom units. Each unit features a desirable open-concept layout, with all units including a private outdoor space. The Property is strategically positioned within walking distance on Fishtown, Northern Liberties, and Temple University allowing for a diverse tenant base of students and young professionals. NOTE: This listing is for 6 triplexes/18 units, the MLS only allows up to 3 units in the unit count field on the listing.

Property details

House

3,315 sqft living area

Built in 2017

Structure Type: Interior Row/Townhouse

3 units in building

Masonry

Cooling

Central Air

Central A/C

Heating

Natural Gas

Listing

206 days on market

$1,538 per sqft

Location

Municipality: PHILADELPHIA

County: Philadelphia

MLS Area: 19122 (19122)

Lot

2,070 sqft

Lot Size Dimensions: 25.00 x 85.00

0.05 acres

Property

Other Structures: Above Grade,Below Grade

6 three-bedroom units

12 two-bedroom units

Schools

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Sewer

Public Sewer

Taxes

City/Town Tax: $1,505

City/Town Tax Pymnt Freq: Annually

School Tax: $1,830

Tax Annual Amount: $3,336

Tax Year: 2023

Monthly cost

Estimated monthly cost

$35,984/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$4,794,000

+$153,000

$4,947,000

Seller agent commission$153,000 (3%)*

$0 (0%)

Buyer agent commission$153,000 (3%)*

$153,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $153,000 more selling your home
with an Unreal Estate agent

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State

  • Real Estate for Sale in Pennsylvania

Unreal Estate checked: Aug 8, 2023 at 4:32 p.m.

Data updated: Mar 22, 2023 at 1:39 p.m.

Courtesy of Jonathan Beaulieu, JBMP Group
This content last updated on 03/22/2023.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
Listing Information © 2024 BrightMLS. All Rights Reserved.

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