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Christopher Johnson

chrisj@christopherjohnsonhomes.com +1(813) 515-8274

$ 1,582,000

Est. payment -/mo

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Price Dropped by $333K

2301 FRANKFORD AVE Philadelphia, PA 19125

5,600 SqFt

UPDATED:

01/24/2025 10:14 AM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,600 sqft

Price per Sqft $282

MLS Listing ID PAPH2421764

Style Contemporary

Abv Grd Liv Area 5,600

Originating Board BRIGHT

Year Built 2024

Annual Tax Amount $3,986

Tax Year 2025

Lot Size 2,775 Sqft

Acres 0.06

Lot Dimensions 16.00 x 90.00

Property Description

$1M price reduction: "The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania — FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. Signed lease for ground floor commercial (bar concept) — all apartments leased. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant's procured) — apartments in punchlist/lease up phase. 240 E Girard = 9 apts + 2x commercial. White box commercial space — apartments in lease up. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 8.4% pro forma cap rate. 10 year tax abatement. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket.
***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning CMX2

Rooms

Basement Other

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Central

Exterior

Water Access N

View City

Accessibility Elevator

Garage N

Building

Lot Description Corner

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 871541130

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Ryan J McManus • Keller Williams Liberty Place

Christopher Johnson

License ID: 3117005

+1(813) 515-8274

Christopher Johnson

2301 FRANKFORD AVE Philadelphia, PA 19125

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2301 FRANKFORD AVE