$417,000
3112 FRANKFORD AVE Philadelphia, PA 19134
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$417,000
Est. payment /mo
1,900 Sqft Lot
Active
3112 FRANKFORD AVE Philadelphia, PA 19134
UPDATED:
11/07/2024 01:51 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2416308
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $4,827
Tax Year 2024
Lot Size 1,900 Sqft
Acres 0.04
Lot Dimensions 19.00 x 100.00
Property Description
Welcome to 3112 Frankford Ave, a fantastic investment opportunity in one of Philadelphia?s rapidly developing neighborhoods! This well-maintained, legally zoned 5-unit building offers a mix of 3 two-bedroom units and 2 one-bedroom unit, with a total projected rental income of $4,330 per month. Currently, 3 of the 5 units are occupied by reliable, paying tenants, providing immediate cash flow for a savvy investor or owner-occupant. Each unit has separate gas and electric meters, with the landlord covering the heating and water costs. Recent updates include newer refrigerators and stoves, a newer heating system, along with a certified fire alarm system for added safety. The property boasts a solid structure and a high basement ceiling, adding value and potential for future enhancements. All essential infrastructure, such as gas and electric meters and fire alarms, are in good condition, ensuring peace of mind for any buyer. This rare twin multi-family building is located near the vibrant Port Richmond and Fishtown neighborhoods, known for their dining, shopping, and cultural attractions. The property is also conveniently close to public transportation, I-95, and other local amenities. With a strong potential for appreciation and rental income in a changing area, this property is a rare find. Please note: the property is being sold in AS-IS condition, and a 48-hour notice is required for showings.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881076188
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Bei Ou • Realty Mark Associates-CC
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