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2476 FRANKFORD AVENUE
PHILADELPHIA PA 19125 US

$780,000

Active Listing ID PAPH2349956
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Lot: 0.03 Acres
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Other

$780,000

Active Listing ID PAPH2349956
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2476 FRANKFORD AVENUE 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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Property Features

  • Facts
  • Lot Size: 0.03 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C
  • Heating Fuels: Central Furnace

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 780000
  • unparsedaddress: 2476 FRANKFORD AVENUE
  • postalcity: PHILADELPHIA
  • stateorprovince: PA
  • country: US
  • postalcode: 19125
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.03
  • lotsizeunits: Acres
  • lotsizearea: 0.03
  • livingarea: 2691
  • livingareaunits: Square Feet
  • latitude: 39.9832
  • longitude: -75.12618
  • listagentfullname: Maria Quattrone
  • listagentemail: thelistingteam@liveloveathome.com
  • listagentkey: 3yd-TRENDPA-3151733
  • listagentmlsid: 3151733
  • listagentpreferredphone: 8006510800
  • listagentofficephone: 8006510800
  • listofficekey: 3yd-TRENDPA-RM-ATHMP
  • listofficemlsid: RM-ATHMP
  • disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 2013
  • listingcontractdate: 2024-05-24
  • countyorparish: PHILADELPHIA
  • elementaryschooldistrict: THE SCHOOL DISTRICT OF PHILADELPHIA
  • middleorjuniorschooldistrict: THE SCHOOL DISTRICT OF PHILADELPHIA
  • highschooldistrict: THE SCHOOL DISTRICT OF PHILADELPHIA
  • cooling: Central A/C
  • heating: Central Furnace
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.12618, 39.9832
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2476-Frankford-Ave_Philadelphia_PA_19125_M30427-15854?f=listhub&s=TRENDPA&m=PAPH2349956&c=rexren", "LeadRoutingEmail":"thelistingteam@liveloveathome.net", "BrokerName":"RE/MAX @ HOME", "ListingTitle":"Multi-Family - PHILADELPHIA, PA", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"thelistingteam@liveloveathome.com", "ListOfficeAddress1":"2054 South STREET", "ListOfficeAddress2":null, "ListOfficeCity":"Philadelphia", "ListOfficePostalCode":"19146", "ListOfficeStateOrProvince":"PA", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"RE/MAX @ HOME", "ListBrokeragePhone":"800-651-0800", "ListBrokerageEmail":"avalon376@msn.com", "ListBrokerageWebsiteUrl":null, "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/TRENDPA/e154eed1850411e3b8f812313d004614/20140130165929751.png", "ListBrokerageUnparsedAddress":"1650 Market Street, 36th FL", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Philadelphia", "ListBrokerageStateOrProvince":"PA", "ListBrokeragePostalCode":"19103", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-05-24T00:09:58Z", "Neighborhoods":[{"Name":"PHILADELPHIA", "Description":null}], "Taxes":[{"TaxYear":null, "TaxAnnualAmount":1718, "TaxDescription":null}]}
Listing Changed: 6/12/2024 2:12:13 PM GMT
Source Updated Date: 6/26/2024 6:46:12 AM GMT

Courtesy of: Maria Quattrone, RE/MAX @ HOME, thelistingteam@liveloveathome.com

Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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