PA
PHILADELPHIA
19134
3112 FRANKFORD AVENUE
3112 FRANKFORD AVENUE, PHILADELPHIA, PA 19134
Listing Type
multi family
Listing Status
active
50
$417,000

Home Details for 3112 FRANKFORD AVENUE

Price
$417,000
Type
Multi-Family
Bedrooms
0
Bathrooms
0.0
Square feet
2730
Year built
1910
Lot size acres
0.04
Garage
Basement
Unfinished
Days on site
26
MLS Listing#
PAPH2416312
Listing courtesy: Realty Mark Associates-CC - 2153764444
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.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Radiator
  • Water Features
    • Public
  • Basement
    • Unfinished
IDX listing information is from various brokers who participate in IDX and provided courtesy of Bright MLS. Property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information contained on this website provided by MRIS is deemed reliable but not guaranteed ©2024 Bright, All Rights Reserved.
Last Updated: 2024-12-02 09:27:17
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Bright MLS.
EXIT ELEVATE REALTY
1450 Grays Ferry Ave. 1st Floor, Philadelphia, PA 19143
Office
215 623 6000
Request more details
Code: