3112 Frankford Avenue

Philadelphia, PA 19134

$417,000
Price
Beds
2,730 Sq. Ft.
$153 / Sq. Ft.
2,730
Sq. Ft.
$153
per Sq. Ft.

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...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.
  1. Listed by Bei Ou • Realty Mark Associates
    P: (267)-808-1970 emilyrealestatepa@gmail.com

Property Details for 3112 Frankford Avenue

Tax ID Number
881076188
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
11-07-2024
Cross Street
Clementine St
LISTING UPDATED: 11/07/2024 09:14 AM

Property Details for 3112 Frankford Avenue

StatusActive
MLS #PAPH2416312
Days on Market16
Taxes$4,827 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.04 AC / 1,900 SF
CountyPhiladelphia County

Building Information for 3112 Frankford Avenue

Stories-Residences4Year Built1910Building Size-Lot Size0.04 AC / 1,900 SF

Property Information for 3112 Frankford Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19134 (19134)
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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $344,900
  • Year Assessed: 2024
  • Improvement Assessed Value: $241,430
  • City Town Tax: $2,124
  • Land Assessed Value: $103,470
  • Clean Green Assessed: No
  • Land Use Code: CA0
  • Zoning: RM1
  • Tax Lot: 16
  • School Tax: $2,703
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,730.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 3112 Frankford Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3112 Frankford Avenue

Taxable ValueLand$103,470Additions$241,430Total$344,900
Tax Record2023$4,828 ($402 / month)
Home Facts
Total Finished SqFt2,730 SqFtAbove Grade Finished SqFt2,730 SqFtStories3Lot Size1,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningRM1CountyPHILADELPHIAAPN88-1-0761-88

Schools near 3112 Frankford Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - K to 4
Charter - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Willard Frances E School
PublicK to 4

Memphis Street Academy Charter School
Charter5 to 8

Kensington Culinary Arts
Public9 to 12

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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3112 Frankford Avenue is a multi-family home for sale in Philadelphia, PA 19134. This property was listed for sale on November 7, 2024 by Realty Mark Associates, it's currently listed at $417,000. It has been on the market for a total of 16 days and was last sold on June 30, 2014. This listing's school district is The School District of Philadelphia. Nearby schools include Willard Frances E School, Memphis Street Academy Charter School and Kensington Culinary Arts. 3112 Frankford Avenue is a 0-bed, 0-bath, 2,730 sqft multi-family home built in 1910.

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Listing Courtesy of Realty Mark Associates

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.