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2476 Frankford Avenue

PHILADELPHIA, PA 19125
  • $780,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: PAPH2349956
$780,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,691
    SQFT
  • $290
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2013
County:

School Ratings & Info

Description

Located in the highly sought-after 19125 zip code of Fishtown, Philadelphia, this 3-unit residential property offers a prime investment opportunity. Currently cash-flowing with significant upside potential, it is perfectly positioned to attract graduate students and young professional renters due to the area's dramatic year-over-year rent increases and high demand. The building is comprised of (2) two-bed two-bath units and (1) three-bed two-bath bi-level unit. All units are currently rented and are on yearly leases. Unit one pays $1,950/month, unit two pays $1,300/month, and unit 3 pays $1,450/month. The tenants pay for all utilities and each unit has their own separate meters and hot water heater. Additionally each unit has their own washer and dryer. The property was built in 2013 so it features modern finishes with beautiful kitchens, gorgeous tiled bathrooms, and hardwood floors throughout. Each kitchen comes equipped with a built in microwave, range, refrigerator, and a dishwasher for convenience. This property can be a great opportunity for an investor looking to add to their rental portfolio an asset that is in a neighborhood with extremely high demand and great potential for appreciation. Or this can purchase can be used for someone who is looking to live in one unit and rent the others out to cover the mortgage and reduce their living expenses.With a Walk Score of 92, daily errands can easily be completed without a car. The property has a Transit Score of 68, indicating good access to public transportation, and a Biking Score of 84, reflecting excellent biking infrastructure. Nearby dining options include Four Son's Pizza, Martha, Zig Zag BBQ, Thin & Crispy, and more. Educational institutions in the vicinity are Horatio B. Hackett School, Kensington High School, Kensington Culinary Arts, and Henry A. Brown School. For groceries, residents can shop at Quick Stop 1, Charles Jacquin Et Cie, Dans Fresh Meats, and Fine Fare Supermarket, among others. The property is located close to the York-Dauphin Station for the Market-Frankford Line stop making commuting to center city a breeze. Nearby parks include Aramingo Square, Richmond Playground, and Palmer Park.This property is located in the heart of Fishtown, known for its vibrant community, diverse amenities, and proximity to downtown Philadelphia. The area is easily accessible, with attractions such as restaurants, cafes, entertainment venues, and public transportation nearby.Additional features include 3D tours in the media section for a detailed view of the property, and showings require a 24-hour notice. This property offers a unique opportunity to capitalize on Fishtown's expanding rental market, with the potential for substantial returns through higher rental income and property value appreciation. Call to schedule your visit today!

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www.chesapeakebayproperties.com/homes/150661528
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2476 Frankford Avenue PHILADELPHIA, PA 19125

  • Price: $780,000
  • Status: Active
  • On Site: 32 Days
  • MLS #: PAPH2349956
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,691
SQFT
$290
$/SQFT
2013
Built
Neighborhood:
East Kensington
County:
Philadelphia
Area:
19125 (19125)
School District:
The School District Of Philadelphia
Property Description
Located in the highly sought-after 19125 zip code of Fishtown, Philadelphia, this 3-unit residential property offers a prime investment opportunity. Currently cash-flowing with significant upside potential, it is perfectly positioned to attract graduate students and young professional renters due to the area's dramatic year-over-year rent increases and high demand. The building is comprised of (2) two-bed two-bath units and (1) three-bed two-bath bi-level unit. All units are currently rented and are on yearly leases. Unit one pays $1,950/month, unit two pays $1,300/month, and unit 3 pays $1,450/month. The tenants pay for all utilities and each unit has their own separate meters and hot water heater. Additionally each unit has their own washer and dryer. The property was built in 2013 so it features modern finishes with beautiful kitchens, gorgeous tiled bathrooms, and hardwood floors throughout. Each kitchen comes equipped with a built in microwave, range, refrigerator, and a dishwasher for convenience. This property can be a great opportunity for an investor looking to add to their rental portfolio an asset that is in a neighborhood with extremely high demand and great potential for appreciation. Or this can purchase can be used for someone who is looking to live in one unit and rent the others out to cover the mortgage and reduce their living expenses.With a Walk Score of 92, daily errands can easily be completed without a car. The property has a Transit Score of 68, indicating good access to public transportation, and a Biking Score of 84, reflecting excellent biking infrastructure. Nearby dining options include Four Son's Pizza, Martha, Zig Zag BBQ, Thin & Crispy, and more. Educational institutions in the vicinity are Horatio B. Hackett School, Kensington High School, Kensington Culinary Arts, and Henry A. Brown School. For groceries, residents can shop at Quick Stop 1, Charles Jacquin Et Cie, Dans Fresh Meats, and Fine Fare Supermarket, among others. The property is located close to the York-Dauphin Station for the Market-Frankford Line stop making commuting to center city a breeze. Nearby parks include Aramingo Square, Richmond Playground, and Palmer Park.This property is located in the heart of Fishtown, known for its vibrant community, diverse amenities, and proximity to downtown Philadelphia. The area is easily accessible, with attractions such as restaurants, cafes, entertainment venues, and public transportation nearby.Additional features include 3D tours in the media section for a detailed view of the property, and showings require a 24-hour notice. This property offers a unique opportunity to capitalize on Fishtown's expanding rental market, with the potential for substantial returns through higher rental income and property value appreciation. Call to schedule your visit today!
Exterior Features

Architectural Style Other Construction Materials Masonry Exterior Features SidewalksStreet Lights Garage YN No Location Type Urban Lot Features Rear Yard Parking Types None Patio And Porch Features Patio(s) Pool No Pool View Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2691 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Heating Central Heating YN Yes Security Features Sprinkler System - Indoor Single Room Units 0 Spa YN No Three Bedroom Units 1 Two Bedroom Units 2

Property Features

Acceptable Financing CashConventionalFHAVA Accessibility Features None Central Air YN Yes Cooling Fuel Natural Gas Cross Street E Cumberland St Existing Lease Type Yearly Heating Fuel Natural Gas Historic YN No Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Original MLSNumber 803038826014 Ownership Interest Fee Simple Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 1718.00 Tax Lot 22 Total Actual Rent 56400.00 Transportation Airport less than 10 milesBus Stop less than 1 mileCommuter Rail Station less than 1 mile Vacation Rental YN No Water Source Public Zoning CMX2

 
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