Photo 1
Photo 2
Photo 3

Description

Introducing Griffiti Lofts — an exceptional, fully occupied, 8-unit stabilized property at 1412 S 7th St. This modern building offers a mix of thoughtfully designed one- and two-bedroom apartments, each maximizing comfort and functionality. Residents and nearby tenants benefit from 11 garage parking spaces, providing an additional revenue source.Originally renovated in 2013, Griffiti Lofts combines contemporary design with artistic touches, featuring common areas adorned with striking artwork that reflects Philadelphia’s vibrant culture. The result is a warm and inviting environment for both residents and guests.With a strong rental history and consistent occupancy, this property stands as a prime investment opportunity. Situated in a sought-after neighborhood, it offers convenient access to local amenities, public transit, and the dynamic energy of the surrounding area. Don’t miss the chance to own this well-maintained building that perfectly captures the essence of urban living in Philadelphia.

Listing Details

  • Cap Rate

    6.74%

  • EMD

    5%

  • Space Type

    multifamily

  • Sub Category

    apartments-building

  • Sale Type

    Investment Sale

  • Date Listed

    4/24/2025

  • Investment Type

    Stabilized

  • Net Operating Income

    $135,720

  • Parking Info

    11 space

Property Specifics

  • Property Name

    Graffiti Lofts

  • Property Class

    A

  • No of Buildings

    1

  • No of Stories

    2

  • No of Units

    8

  • Building Size

    12,528 SF

  • Lot Size

    6,937 SF

  • Zoning

    RSA5

  • Occupancy

    100%