2476 Frankford Avenue
Philadelphia, PA, 19125 $ 780,000
Bedrooms7 Baths0.0 Monthly Estimate*
$ 5,184
for $780,000 with 7 bedrooms. This home was built in 2013 on a lot size of 0.03.
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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FeaturesInteriorHeating Fuel Natural Gas
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Street Suffix AVENUE
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating Central
Cooling Central A/C
Possession Immediate
Exterior Features Sidewalks Street Lights
Zoning CMX2
Patio/Porch Features Patio(s)
Architectural Style Other
Security Features Sprinkler System - Indoor
Construction Materials Masonry
Year Built 2013
View Street
Property SubType Triplex
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Subdivision Name EAST KENSINGTON
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Coming from the north side of E Cumberland St go straight and turn right to Frankford Ave. The property will be on the right.
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 3
MLS Area 19125 (19125)
Lot Size Square Feet 1270.00
Waterfront Y/N N
Number of Units Leased 3
Street Name FRANKFORD
Tax Annual Amount 1718.0
Home Warranty Y/N N
Two Bedroom 2
Structure Type Other
Price Per Sq Ft Total 289.86
Acceptable Financing Cash Conventional FHA VA
Historic Y/N N
Vacation Rental Y/N N
Virtual Tour https://view.ricoh360.com/27a50fb9-5b5e-4197-9239-d33ab73973a7
Days on Market 1
Location Type Urban
Lease Type Yearly
Standard Status Active
Year Built Source Estimated
Tax Lot 22
Total Actual Rent 56400.00
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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ExteriorPool No Pool
Lot Features Rear Yard
Water Source Public
Type of Parking None
Spa N
Water View Y/N N
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 122775.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList Bythelistingteam@liveloveathome.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,184
- Monthly Property Taxes
- $143
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Philadelphia, PA
Average List Price $539,820
Percent of Sale Price 31%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/18/2024 | $780,000 | | Listed Price |