3112 Frankford Avenue
$417,000
—
2,730
2,730
$153
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 $51,960 annually. 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 $51,960 annually. 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.
- Listed by Bei Ou • Realty Mark AssociatesP: (267)-808-1970 emilyrealestatepa@gmail.com
Property Details for 3112 Frankford Avenue
Tax ID Number
881076188
OwnershipFee Simple
Structure TypeTwin/Semi-Detached
StyleOther
WaterfrontNo
GarageNo
Expected On Market Date11-07-2024
Cross StreetClementine St
LISTING UPDATED: 12/20/2024 12:44 PM
Property Details for 3112 Frankford Avenue
Status | Active |
---|---|
MLS # | PAPH2416312 |
Days on Market | 46 |
Taxes | $4,827 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1910 |
Lot Size | 0.04 AC / 1,900 SF |
County | Philadelphia County |
Building Information for 3112 Frankford Avenue
Stories-Residences4Year Built1910Building Size-Lot Size0.04 AC / 1,900 SF
Property Information for 3112 Frankford Avenue
Property History for 3112 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 3112 Frankford Avenue
Taxable ValueLand$103,470Additions$241,430Total$344,900
Tax Record2024$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 | ||
Kensington Creative & Performing Arts High School 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.