2301 Frankford AvePhiladelphia, PA 19125

For Sale
$1,915,000

Luxury 7-unit building, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This stunning Class A, 7-unit apartment building in Philadelphia's vibrant Fishtown neighborhood presents a compelling investment opportunity. Built in 2024, the property boasts 5,600 square feet and features a 100% occupancy rate, generating a 7.32% cap rate. Each of the seven units commands a price of $273,571.43, contributing to the building's impressive $1,915,000 asking price. The property is situated at a prime Frankford Avenue location, benefiting from high visibility and strong rental demand. The building's CMX2 zoning allows for versatile use. The property is part of a larger portfolio of three boutique mixed-use buildings, all located in the highly desirable Fishtown area, known for its thriving culinary, retail, and residential scenes. This stabilized asset offers a rare chance to acquire a brand-new, high-performing investment in a top-tier US metropolitan statistical area. The building's modern design and prime location ensure continued strong rental income and appreciation potential. Detailed financials are available upon request.

Highlights

  • 100 Main Street, Philadelphia, PA
  • Newly Constructed Building
  • Prime Philadelphia Location
  • Top 10 US Metropolitan Statistical Area
  • Stable, Boutique Property
  • Located in the Fishtown Neighborhood

Property Details for 2301 Frankford Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
5,600 SF
Class
A
Year Built
2024
Stories
3
Units
7

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9804168
Longitude
-75.1282826
2301 Frankford Ave, Philadelphia, Pennsylvania

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2301 Frankford Ave
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