Philadelphia, PA 19122,1512 N 7TH ST
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Philadelphia, PA 19122,1512 N 7TH ST
Philadelphia, PA 19122,1512 N 7TH ST
Philadelphia, PA 19122,1512 N 7TH ST
Philadelphia, PA 19122,1512 N 7TH ST

$495,000

Est. payment /mo

$499,900

1.0%
Est.Price: ?

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1512 N 7TH ST Philadelphia, PA 19122

2,517 SqFt

SOLD DATE : 08/28/2023

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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Bright MLS (BMLS)
Listed by Bonnie E Frain • Keller Williams Real Estate - Newtown
Bought with Andrew Joseph Lobosco • Keller Williams Main Line

Nancy Gowan

Advisor | License ID: 669926

+1(858) 603-2774

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