1328 N 7th St

Philadelphia, PA 19122

Enjoy the best of Fishtown, South Kensington and Northern Liberties! This triplex is located in one of Philadelphia's Opportunity Zones and is just a few blocks from all of the shops, restaurants and coffee houses that Frankford Ave and Fishtown have to offer and blocks to the Piazza and Northern Liberties. Unit #1 is a 3 bed, 2.5 bath bi-level unit with two outdoor patios that is rented for $1800/month and the lease expires 5/27/24. Unit #2 is a 2 bed, 2 bath unit with a deck that is rented for $1475 and the lease expires 7/27/24 . Unit #3 is a 2 bed, 2 bath unit with private access to the full length roof deck with amazing skyline views that is rented for $1775/month and the lease expires 7/28/24. This 6-year young building offers plenty of options: buy and hold it as a rental building with strong cash flow, buy and occupy one of the units and rent the other two units or convert the building to three condos and sell them individually. All of the units have bamboo floors, high ceilings, outdoor space, recessed lighting, intercoms and tons of natural light. There are around 4 years remaining on the tax abatement. The City of Philadelphia has completed a real estate tax reassessment, effective January 1, 2023. If you have any questions or concerns about the impact of this reassessment on future real estate taxes, please contact the City of Philadelphia. Compass RE is not involved in the City of Philadelphia's tax reassessment and does not have any input or control in the results.