SOLD
$495,000
Sold Date 08/28/2023
1512 N 7TH ST
Philadelphia, PA 19122
2,517
Sq. Ft.
0.04
Acres Lot
Triplex, Multi-Family
119 days on Nestfully
23 views
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!
PAPH2230616
Triplex, Multi-Family
Traditional
1915
PHILADELPHIA
0.04
Acres
Public
Other
Public Sewer
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