2221-23 FRANKFORD AVE Philadelphia, PA 19125

Mary Brandt
Mary Brandt
Associate

Request More Info

212040946 39.9799 -75.12881 230 /listing/212040946-150069106/2221-23-frankford-ave-philadelphia-pa-19125 False 0 1111111.0 105 1001983638 False
  • $1,111,111
  • 2221-23 FRANKFORD AVE Philadelphia, PA 19125
  • 0.06 lot
  • Est payment $5964.68/mo

Property & Neighborhood Info

Courtesy Of BHHS Fox & Roach-Center City Walnut

Multi-Family in PHILADELPHIA

AGENTPHL is pleased to present this rare package of properties with 33' of prime frontage on the coolest street in the most desirable area of Philadelphia: Frankford Ave Fishtown. As a side-by-side duplex (2221) and triplex (2223) offering, these properties contain 5 units, 4 of which are currently leased. The in-place rents are significantly under market, making this a major value-add opportunity for a wise investor or developer. Structurally and mechanically, both buildings are solid and sound. The residential units are efficient but will benefit from cosmetic upgrades. The vibrant streetscape makes it possible to break through party walls between the two properties and create a massive restaurant/retail/commercial space on the ground floor with luxury apartments or condos above. Take advantage of the city's storefront improvement program which reimburses owners one dollar for every two dollars spent on renovations to enhance and re-lease the retail spaces. These properties offer significant rental growth upside as the area continues to evolve and remain perennially in-demand by renters, retailers, buyers, restauranteurs, and anyone/everyone looking to get a piece of Frankford Ave Fishtown. New destinations are opening up-and-down Frankford Avenue from Girard-to-Lehigh Avenues. The properties are sandwiched on both sides by coming-soon new mixeduse new construction projects. Local staples like Soup Kitchen Caf~, LittleBabys Ice Cream, PizzaDads are just a block away. Flow State CoffeeBar is opening up two blocks north, from nationally acclaimed Michelin-starred female chefs. And of course, La Colombe, Johnny Brenda's, Frankford Hall Beer Garden, Cheu Noodle Bar, Suraya, Lululemon, City Fitness, Kensington Quarters, Fette Sau + more are located just south on The Avenue. There is no hipper place in all of Philadelphia than Frankford Avenue Fishtown. And the area continues to trend upward with no signs of stopping. READ: "The Best Places to Eat and Drink in Philadelp

Courtesy Of BHHS Fox & Roach-Center City Walnut
  1. 0.06 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1919
  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • County: philadelphia
  • Taxes: $2,444.00
  • Tax Year: 2018
  • Subdivision: Fishtown
  • MLS Number:1001983638

Additional Features

  • Air Conditioning:
    • No
  • Cooling:
    • Wall Unit
  • Entry:
    • Foyer
  • Flooring:
    • Vinyl
  • Water Heater:
    • Natural Gas
  • Rooms:
    • Master Bedroom
  • Laundry:
    • Washer In Unit
  • Fireplace Y/N:
    • No
  • Building Area Source:
    • Estimated
  • Building Square Feet:
    • 4574.00
  • Garage:
    • No
  • New Construction:
    • No
  • Storage:
    • Basement
  • Water Source:
    • Public
  • Waterfront:
    • No
  • Parking:
    • Street
  • Heating:
    • Gas
  • Heating Fuel:
    • Natural Gas
  • Sewer:
    • Public Sewer
  • Gross Income:
    • 76500.00
  • List Type (Exclusive):
    • Exclusive Right To Sell
  • Rental Features:
    • No
  • Sale Includes:
    • Land Only
  • # of Rooms:
    • 1
  • Gross Expenses:
    • 14260.00
  • Insurance Exp:
    • 5000.00
  • Maintenance Exp:
    • 2000.00
  • Other Expense:
    • 3616.00
  • Possession:
    • Immediate
  • Price Per SQFT:
    • 242.92
  • Unit 1 Bed Total Units:
    • 2
  • Water Sewer Exp:
    • 1200.00
Neighborhood info courtesy of Homes.com © 2018

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.