2209 N 7th St, Philadelphia, PA 19133

$725,000

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List Price
$725,000
Status
ACTIVE
MLS#
PAPH2638474
Subtype
Multi-Family
Style
Colonial
New Construction
Yes
Lot Size
1,552
Acres
0.04
Subdivision
Norris Square
MLS Area Major
19122 (19122)

Property Description

Exceptional turnkey investment opportunity featuring a fully leased new construction triplex generating almost 6000per month and benefiting from a valuable 10-year tax abatement. This low-maintenance asset offers separate electric meters, modern construction, and strong in-place cash flow. The property consists of a 4-bedroom, 4-bath bi-level unit rented at $2,650/month, plus two 2-bedroom, 2-bath units rented at $1,595 and $1,700/month, with the top-floor unit featuring private roof deck access and skyline views. Each residence includes granite countertops, stainless steel appliances, luxury vinyl flooring, recessed lighting, central HVAC, in-unit laundry, and security system access. Strategically located just minutes from Temple University, Temple University Hospital, and within close proximity to Center City, Drexel University, the University of Pennsylvania, Jefferson Hospital, and other major medical and educational institutions, this fully occupied property is ideally positioned to attract a strong and consistent tenant base. With immediate income, minimal capital expenditure requirements, and strong long-term rental demand, this asset presents an outstanding opportunity for investors seeking stable cash flow and future appreciation in one of Philadelphia's fastest-growing neighborhoods.

Additional Information

Taxes
$940
Property Description
Colonial
Zoning
CMX2
Flooring
Vinyl
Heating
Central, Forced Air
Air Conditioning
Central Air
Foundation
Concrete Perimeter, Permanent
School District
Philadelphia City

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Listing courtesy of BHHS Fox & Roach-Center City Walnut. Contact: