2301 FRANKFORD AVE, Philadelphia, PA 19125 – PAPH2421764

Philadelphia, PA 19125,2301 FRANKFORD AVE

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$1,915,000

Est. payment - /mo

5,600 SqFt

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UPDATED:

11/25/2024 04:07 PM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,600 sqft

Price per Sqft $341

MLS Listing ID PAPH2421764

Style Contemporary

Abv Grd Liv Area 5,600

Originating Board BRIGHT

Year Built 2024

Annual Tax Amount $4,370

Tax Year 2024

Lot Size 2,775 Sqft

Acres 0.06

Lot Dimensions 16.00 x 90.00

Property Description

2301 FRANKFORD is part of ?The Fishtown Portfolio? which presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties in the most vibrant location in Philadelphia, Pennsylvania ? FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. 2001 Frankford = 8 apts + 2x commercial. 240 E Girard = 9 apts + 2x commercial. Currently in lease-up, these assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 7.32% pro forma cap rate. 10 year tax abatement. Enquire within for financials. Photos coming soon.

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning CMX2

Rooms

Basement Other

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Central

Exterior

Water Access N

View City

Accessibility Elevator

Garage N

Building

Lot Description Corner

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 871541130

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Ryan J McManus • Keller Williams Liberty Place

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262