3112 FRANKFORD AVE, Philadelphia, PA 19134 - MLS#PAPH2416312

Philadelphia, PA 19134,3112 FRANKFORD AVE

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Adam Ferst

[email protected] +1(202) 421-5500

$417,000

Est. payment - /mo

2,730 SqFt

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UPDATED:

11/27/2024 04:26 PM

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,730 sqft

Price per Sqft $152

MLS Listing ID PAPH2416312

Style Other

Abv Grd Liv Area 2,730

Originating Board BRIGHT

Year Built 1910

Annual Tax Amount $4,827

Tax Year 2024

Lot Size 1,900 Sqft

Acres 0.04

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 $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.

Location

State PA

County Philadelphia

Area 19134 (19134)

Zoning RM1

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar, Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881076188

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Listed by Bei Ou • Realty Mark Associates

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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