718-722 S 7th St

On behalf of Ownership, GREA is pleased to exclusively offer the opportunity to acquire the fee simple interest in 718 South 7th Street located in the heart of the Bella Vista neighborhood of South Philadelphia (the “Property” or “Asset”). The Asset comprises nine apartment units with (6) studio and (3) one-bedroom floor plans.
The Property presents new ownership the opportunity to employ a value-add business plan to achieve increased rents. Upgrades to unit interiors and common spaces will yield rental premiums, bringing rents in line with the top end of the competitive set.
718 South 7th Street is in the middle of it all, servicing a tenant base looking for a location surrounded by restaurants, coffee shops, and nightlife. Bella Vista residents are within walking distance of Washington Square Park, the Delaware River Trail, and Independence Mall, all popular green space amenities servicing a dense residential neighborhood.
The Property is located minutes from major highway routes such as Interstates 76, 676, and 95 presenting unparalleled access throughout the Philadelphia MSA. Furthermore, tenants are a short walk into East Market, home to major employers such as Penn Medicine and Thomas Jefferson University Hospital.
718 South 7th Street provides new ownership the prospect of acquiring a value-add property in a highly regarded neighborhood free from oversupply.