2301 Frankford Ave,PHILADELPHIA, PA 19125
PHILADELPHIA, PA 19125
Description
$1M price reduction: "The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. Signed lease for ground floor commercial (bar concept) all apartments leased. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant's procured) apartments in punchlist/lease up phase. 240 E Girard = 9 apts + 2x commercial. White box commercial space apartments in lease up. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 8.4% pro forma cap rate. 10 year tax abatement. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket.***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.
Details
| MLS # | PAPH2422922 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Pending-bright |
| Year | 2024 |
| Days On Site | 211 |
| Listing Provided By | Keller Williams Liberty Place | Ryan J McManus |
Features
| Units | 3 |
|---|---|
| Zoning | CMX2 |
| Acreage | 0.06 |
| Water Front | Yes |
| Property View | City |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Concrete Perimeter |
| Lot Features | Corner |
Parking
| Garage Yes / No | No |
|---|
Market Activity 19125
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19125 |
| Area | 19125 (19125) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19125) | |
Price: $1,582,000 low | high Med: $249,900 On site: 211 low | high Med: 356.000000 | |
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