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2001-5 Frankford Avenue

PHILADELPHIA, PA 19125
  • $3,000,000
  • STATUS: Active
  • ON SITE: 81 Days
  • ID#: PAPH2421770
UPDATED: 9 min ago
$3,000,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,120
    SQFT
  • $329
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Ratings & Info

School District:

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.

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Schiff Home Team | eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-10T08:54:19.393.
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2001-5 Frankford Avenue PHILADELPHIA, PA 19125

  • Price: $3,000,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 9 min ago
  • ID#: PAPH2421770
0
Beds
0
Baths
0
½ Baths
0.14
Acres
9,120
SQFT
$329
$/SQFT
2024
Built
Neighborhood:
19125 (19125)
County:
Philadelphia
Area:
19125 (19125)
School District:
Philadelphia City
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.
Exterior Features

Architectural Style Contemporary Construction Materials Masonry Garage YN No Location Type Urban Lot Features Corner Parking Types None Pool No Pool Property Condition Excellent Roof Fiberglass View City Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 9120 Basement Other Basement YN Yes Cooling Central A/C Flooring Luxury Vinyl Plank Heating Central Heating YN Yes Single Room Units 2 Three Bedroom Units 0 Two Bedroom Units 4

Property Features

Accessibility Features None Central Air YN Yes Construction Completed YN No Cooling Fuel Natural Gas Cross Street NORRIS Elevators 1 Foundation Details Concrete Perimeter Heating Fuel Central Historic YN No Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN Yes Number Of Units Total 4 Number Of Units Vacant 10 Original MLSNumber 803493985106 Ownership Interest Fee Simple Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 14242.00 Tax Lot 93 Vacation Rental YN No Water Source Public Zoning CMX2

Listing courtesy of Keller Williams Liberty Place: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Schiff Home Team | eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-10T08:54:19.393.
 
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