2476 Frankford Ave
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2476 Frankford Ave
3 Unit Apartment Building $1,120,127 CAD ($373,376 CAD/Unit) Philadelphia, PA 19125
Investment Highlights
- Prime Location: Highly sought-after 19125 zip code in Fishtown, Philadelphia
- Utilities: Tenants pay for all utilities; each unit has separate meters and hot water heater
- Modern Features: Built in 2013 with beautiful kitchens, tiled bathrooms, and hardwood floors
- Investment Opportunity: 3-unit residential property with significant upside potential
- In-Unit Amenities: Each unit has its own washer and dryer
- Kitchens equipped with built-in microwave, range, refrigerator, and dishwasher
Executive Summary
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!
Property Facts
Price | $1,120,127 CAD | Building Class | B |
Price Per Unit | $373,376 CAD | Lot Size | 0.03 AC |
Sale Type | Investment | Building Size | 5,400 SF |
No. Units | 3 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 3 |
Property Subtype | Apartment | Year Built | 2013 |
Apartment Style | Low Rise | Opportunity Zone |
Yes
|
Price | $1,120,127 CAD |
Price Per Unit | $373,376 CAD |
Sale Type | Investment |
No. Units | 3 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.03 AC |
Building Size | 5,400 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built | 2013 |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
3+2 | 1 | $2,800 CAD | - |
2+2 | 5 | $1,975 CAD | - |
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (83)
zoning
Zoning Code | CMX-2 (Commercial mixed use, approved for all residential units) |
CMX-2 (Commercial mixed use, approved for all residential units) |
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2476 Frankford Ave
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