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Listing Courtesy Of:
Keller Williams Liberty Place, 6093995454, Ryan McManus
Local Realty Services Provided By:
KW Empower
Overview
What It'll Cost
Neighborhood
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2001 FRANKFORD AVE, PHILADELPHIA, PA 19125
2001 FRANKFORD AVE, PHILADELPHIA, PA 19125
Estimation provided by Keller Williams Realty Inc.
Active
For Sale
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.
Property Details
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Overview
Property Type
Other
Property Size
Year Built
2024
Days on Site
132 Days
HVAC
Cooling: Central A/C, Heating: Central, Cooling Fuel: Natural Gas, Heating Fuel: Central
Parking
No
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
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Estimated Monthly Payment
Purchase Price:
$3,000,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
01/17/2025
Price Decrease
(-10.45% )
12/31/2024
Listed
No Tax History Data
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Transit & Commute
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Car-Dependent
Walkable
Very Walkable
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