2001 Frankford Ave Philadelphia, PA 19125
- Apartment buildings
- 5,407 SF
- 0.14 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 2001 Frankford Ave
- Year built
- 1915
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.14 lot acres
- Property size
- 5,407 SF
- Zone code
- CMX2
- Property type
- Apartment buildings
- APN
- 88-1-0687-53
- APU
- 881068753
Description
This exceptional Class A, 3-story apartment building at 2001 Frankford Avenue in Philadelphia, PA, presents a compelling investment opportunity. Boasting 9,120 square feet, the property features 10 units, each commanding $335,000, for a total asking price of $3,350,000. Built in 2024, this new construction benefits from a 10-year tax abatement and a prime location in the highly desirable Fishtown neighborhood, known for its vibrant culinary, retail, and residential scenes. The building is part of a larger portfolio, offering significant potential for growth. The property includes two commercial spaces on the ground floor, providing additional income streams. With a CMX2 zoning permit, the building offers flexibility and future development potential. The building's location on Frankford Avenue ensures high visibility and accessibility. The property's strong financials, including a projected 7.32% cap rate, make it an attractive investment for discerning buyers. Detailed financial information is available upon request. This is a rare chance to acquire a brand-new, high-quality multifamily asset in one of Philadelphia's most sought-after neighborhoods. Don't miss this opportunity to own a piece of Fishtown's thriving real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1301
- Latitude
- 39.9786
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
