2218 N 7TH ST Philadelphia, PA 19133

Attention investors and Builders. Dwelling is need of complete renovation. The structural integrity seems to be compromised as portions of the first floor have fallen into the basement as well as being open to the elements. The property situated between Temple University, only blocks from the train station; and just east of the Norris Square renaissance, creating increasing demand for rental housing. The site is located on a one-way street in a mostly residential Urban neighborhood. The street has curbing, sidewalks and street lighting with parking on both sides of the street. There is existing and recant/active new construction two and three-story dwellings in close proximity. The neighborhood has above average access to local and regional traffic routes, public transportation, including busses and the train. The property is two blocks north of the Temple University SEPTA rail station. Property may be eligible for tax breaks under the Federal Tax Cuts and Jobs act of 2017 being designated a PA Federal Opportunity Zone. Zoning is RM-1 (Multi-unit). Property is currently tax exempt. Buyer is responsible for all due diligence and property is being sold as-is. Seller is Tax Exempt, Buyer responsible for all transfer tax