About 1722 N 7th St
Fully occupied 7-unit apartment building featuring six 1-bedroom apartments and one 2-bedroom apartment. All units are currently occupied and producing rental income. Current monthly gross rental income is approximately $5,910, or $70,920 annually. Landlord is responsible for cold water, trash, exterminating, snow removal and landscaping. Building has one house electric meter. All tenants are currently in place, and the property has clean common hallways and well-maintained areas. Most leases are month-to-month with 60 days' notice; the Section 8 tenancy requires 30 days' notice. Property is subject to real estate taxes. Seller is also addressing the real estate tax assessment, with the applicable appeal deadline in October 2026. Strong opportunity for an investor seeking a fully occupied Philadelphia multifamily property with established rental income and multiple units. Buyer to independently verify all rents, leases, expenses, utility arrangements, unit configurations, and Section 8 information.
Features of 1722 N 7th St
| MLS® # | PAPH2663662 |
|---|---|
| Price | $888,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,600 |
| Acres | 0.07 |
| Year Built | 1915 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 1722 N 7th St |
|---|---|
| Area | 19122 |
| Subdivision | OLDE KENSINGTON |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19122 |
Amenities
| Utilities | Electric Available |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard - Electric |
|---|---|
| Cooling | Window Unit(s) |
| # of Stories | 3 |
Exterior
| Exterior | Brick |
|---|---|
| Construction | Brick |
Additional Information
| Zoning | RSA5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Premium Realty Castor Inc |
|---|---|
| Contact Info | 2157257080 |