2001 Frankford AvePhiladelphia, PA 19125

For Sale
$3,350,000

10 Units, Brand New, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A, 3-story apartment building at 2001 Frankford Avenue in Philadelphia, PA, presents a compelling investment opportunity. Boasting 9,120 square feet, the property features 10 units, each commanding $335,000, for a total asking price of $3,350,000. Built in 2024, this new construction benefits from a 10-year tax abatement and a prime location in the highly desirable Fishtown neighborhood, known for its vibrant culinary, retail, and residential scenes. The building is part of a larger portfolio, offering significant potential for growth. The property includes two commercial spaces on the ground floor, providing additional income streams. With a CMX2 zoning permit, the building offers flexibility and future development potential. The building's location on Frankford Avenue ensures high visibility and accessibility. The property's strong financials, including a projected 7.32% cap rate, make it an attractive investment for discerning buyers. Detailed financial information is available upon request. This is a rare chance to acquire a brand-new, high-quality multifamily asset in one of Philadelphia's most sought-after neighborhoods. Don't miss this opportunity to own a piece of Fishtown's thriving real estate market.

Highlights

  • Class A, 3-story multifamily building at 2001 Frankford Avenue, Philadelphia, PA.
  • Boutique multifamily property with 10 units.
  • Brand new construction (2024) with 10-year tax abatement.
  • Located in the desirable Fishtown neighborhood.
  • Prime location in a Top 10 US MSA.

Property Details for 2001 Frankford Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
9,120 SF
Class
A
Year Built
2024
Stories
3
Units
10

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9785947
Longitude
-75.1302854
2001 Frankford Ave, Philadelphia, Pennsylvania

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2001 Frankford Ave
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