2513 N 7th St

Off Market

2513 N 7th St

Philadelphia PA 19133

3750 sq. ft.

1358 sq. ft.

Duplex

Cameron Crossley, last sold this property on 10 July 2023 after 234 days on market.

Overview

Calling all investors! Do not miss your opportunity to acquire this thoughtfully designed new construction, triplex located in one of Philadelphia?s fastest growing sub-markets. The building will be part of the last wave of assets to deliver that offers the full 10-year tax abatement. Additionally, the location of this asset qualifies the building for highly sought after QOZ benefits. A projected 7.13% cap rate was determined based on conservative rent projections and closed market comps. One year builders warranty included. This multi-family build also creates a nice opportunity for an owner occupant investor that wishes to live in one unit, rent out the other while taking advantage of primary residency financing. Each unit offers a functional floorpan, efficient kitchen set-up, upgraded stainless steel appliance packages, washer/dryer, and private outdoor space. With equally sized bedrooms and 1:1 ratio of beds/baths in each unit, this building positions itself to be an extremely attractive option for renters searching for their next home! Unit 1 is a 3BR/3BA bi-level space with a private rear patio. Unit 2 is a 2BR/2BA with rear deck/balcony. Unit 3 is a 2BR/2BA with private roof deck access spanning the length of the property. *Note: Many assets to be delivered in 2023 and later will only qualify for the new ?step down? abatement, which reduces its? benefit each year by 10%. This property will have taxes abated for the full 10 year term. 2513 N 7th can also be included as part of a package sale with 2453 N 6th and/or 2438 N Mascher.

Features

3 bedrooms

3750 sq. ft. floor area

1358 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar 3 bedroom duplexes sold in Philadelphia over the last 12 months, the estimated median property value of 2513 N 7th St is $599.5k.

Median value

$599.5k

Estimated value range

$115k - $879k

Median days on market

Estimated value trend

125%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Philadelphia. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2513 N 7th St

2023

Sold

Undisclosed

10 Jul 2023 by Cameron Crossley, of Coldwell Banker Realty

2020

Sold

$45,000

17 Feb 2020 by Levent Ulusal, of Keller Williams Realty - Cherry Hill

Happy sellers in Philadelphia

We have insufficient information to provide an overview of customer satisfaction for Philadelphia. Viewing the agent profiles, reviews and sales for Philadelphia can provide insights for this location.

Local market activity for 3 bedroom duplexes in Philadelphia

In the last 12 months, 6 three-bedroom duplexes similar to 2513 N 7th St, have been sold.

This represents a 50% decrease in three-bedroom duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Philadelphia for a market analysis.

Martin Rodriguez

at Keller Williams Empower

(42 reviews)

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Eric Feinberg

(1 review)

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Matthew Greene

at Coldwell Banker Preferred - Old City Office

(5 reviews)

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Stephen Kennedy

at Keller Williams Philly

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Philadelphia

Martin Rodriguez

Martin Rodriguez is an award winning recommended agent for Philadelphia. They have 2 local sales and collected 2 local reviews across the last 12 months.