2476 Frankford Ave Philadelphia, PA 19125

Property Details for 2476 Frankford Ave

Year built

2013

Property type

Residential income homes

Property subtype

Dormitories

APN

311155200

Description

This exceptional 3-unit apartment building presents a compelling investment opportunity in Philadelphia's desirable Fishtown neighborhood (zip code 19125). Built in 2013, this Class B property boasts a 100% occupancy rate with three units generating substantial cash flow. The building comprises two two-bedroom, two-bathroom units and one three-bedroom, two-bathroom bi-level unit, all featuring modern finishes, including hardwood floors, updated kitchens with stainless steel appliances (microwave, range, refrigerator, and dishwasher), and in-unit washer/dryers. Each unit has its own separate meters and hot water heater, with tenants responsible for all utilities. Current monthly rents are $1,950, $1,300, and $1,450 respectively, all on yearly leases. Situated on a 2,691 sq ft lot, this three-story building offers significant upside potential due to the area's high demand and consistently increasing rental rates. The property's convenient location offers a Walk Score of 92, a Transit Score of 68, and a Bike Score of 84, providing easy access to public transportation, local amenities, and nearby parks (Aramingo Square, Richmond Playground, and Palmer Park). Nearby educational institutions include Horatio B. Hackett School, Kensington High School, and more. Numerous dining and grocery options are within walking distance. The property's proximity to the York-Dauphin Station on the Market-Frankford Line ensures easy commuting to Center City. This fee-simple ownership opportunity is perfect for owner-users seeking to offset living expenses or investors looking to expand their portfolio in a thriving market. Showings require 24-hour notice. APN: 311155200. Asking price: $780,000.