2476 Frankford Avenue
2476 Frankford Avenue
$780,000
Price
7
Beds
6
Baths
2,691 Sq. Ft.
$290 / Sq. Ft.
2,691
Sq. Ft.
$290
per Sq. Ft.
Description
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...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!
- Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOMEP: 2156073523 thelistingteam@liveloveathome.com
Property Details for 2476 Frankford Avenue
Tax ID Number
311155200
OwnershipFee Simple
Structure TypeOther
StyleOther
WaterfrontNo
ViewsStreet
GarageNo
Expected On Market Date05-24-2024
Location
Listing Courtesy of RE/MAX @ HOME
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LISTING UPDATED: 05/24/2024 12:09 AM
Property Details for 2476 Frankford Avenue
| Status | Active |
|---|---|
| MLS # | PAPH2349956 |
| Days on Market | 9 |
| Taxes | $1,718 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 2013 |
| Lot Size | 0.03 AC / 1,270 SF |
| County | Philadelphia County |
Building
2476 Frankford Ave
3 StoriesBuilt in 2013
Location
Listing Courtesy of RE/MAX @ HOME
Add your commute
Building Information for 2476 Frankford Avenue
Stories3Residences-Year Built2013Building Size-Lot Size0.03 AC / 1,270 SF
Payment Calculator
$4,400 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,257
Property Taxes
$143
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2476 Frankford Avenue
Location
Location
- Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19125 (19125)
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2022
- Tax Assessed Value: $122,775
- Year Assessed: 2022
- County Tax: $0
- Improvement Assessed Value: $0
- City Town Tax: $775
- Land Assessed Value: $122,775
- Clean Green Assessed: No
- Municipal Trash: Yes
- Land Use Code: W50
- Agricultural Tax Due: No
- Historic: No
- Zoning: CMX2
- Tax Lot: 22
- School Tax: $943
- School Tax Payment Frequency: Annually
- Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 1
- Other Units: Unit 1,Unit 2,Unit 3
- Units Leased Count: 3
Multi Family
Unit 1
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Level: 1
- Unit Type Lease Type: Yearly
- Beds Total: 3
- Full Baths Count: 2
Unit 2
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Level: 2
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Full Baths Count: 2
Unit 3
- Type: Unit 3
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Full Baths Count: 2
Financial Information
Financial Information
- Annual Rental Income: $56,400
- Existing Lease Type: Yearly
Building Info
Building Info
- Building Units Total: 3
- Total Finished SQFT: 2,691.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 2,691.00
- Total SQFT Source: Estimated
- Construction Materials: Masonry
Lot / Land Information
Lot / Land Information
- Lot Size Source: Estimated
- Lot Features: Rear Yard
- Location Type: Urban
- Parcel ID: 1066300
- Ground Rent Exists: No
Parking
Parking
- Type Of Parking: None
Interior Features
Interior Features
- Fireplace: No
- Accessibility Features: None
- Security Features: Sprinkler System - Indoor
- Virtual Tour URL Unbranded: https://view.ricoh360.com/27a50fb9-5b5e-4197-9239-d33ab73973a7
Exterior Features
Exterior Features
- Spa: No
- Exterior Features: Sidewalks, Street Lights
- Outdoor Living Structures: Patio(s)
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
Utilities
Utilities
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Central
- Heating Fuel: Natural Gas
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
Confidential Data
Listing Office
- List Agent AOR: Greater Philadelphia Association of REALTORS
- List Agent URL: www.liveloveathome.com
Property History for 2476 Frankford Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2476 Frankford Avenue
Taxable ValueLand$165,000Additions$660,000Total$825,000
Tax Record2023$11,548 ($962 / month)
Home Facts
Total Finished SqFt2,691 SqFtAbove Grade Finished SqFt2,691 SqFtStories3Lot Size1,270 SqFtStyleMulti-Family Dwelling (2-4)Year Built2013ZoningCMX2CountyPHILADELPHIAAPN31-1-1552-00
Schools near 2476 Frankford Avenue
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 | |||
| Public - | 6 to 8 | |||
| Public - | 5 to 8 |
Rating | School | Distance |
|---|---|---|
Hackett Horatio B School PublicPK to 5 | ||
Penn Treaty Middle School Public6 to 12 | ||
Amy At Martin Public6 to 8 | ||
Conwell Russell Middle School Public5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of RE/MAX @ HOME
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.