2303 FRANKFORD AVE, PHILADELPHIA, PA 19125 (MLS # PAPH804656)

Price $769,500
Status Active
Beds 6
Baths 3 Baths
Home size 2,592 sqft
Lot Size 1,307 sqft
Fantastic opportunity priced to sell in the middle of exploding Frankford Avenue corridor. New construction all around. Millennials and developers are filling in every gap and storefront in this exciting and lively area of 24/7 live work play Fishtown. Zoned CMX 2 this property is currently a bank branch on the ground floor with offices on floors two and three. Zoning allows for another story addition by right. The highest and best use of this property is to add another story to the property and rehab resulting in three(3) large two(2)bed apartments on floors 2-4 and retail space on the ground floor. Pricing takes into consideration a generous rehab cost and immediate owners equity once rehab is complete. Basement is already over 7 foot clearance. Just apply for the permits and start adding equity! Make an offer now as this property is already receiving interest. Renovations will qualify property for a 10 year tax abatement. Proforma CAP Rate 7.5% based on renovations and 1 story addition.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 8/6/2019 Tract FISHTOWN
Year Built 1950 County PHILADELPHIA

SCHOOLS

School District THE SCHOOL DISTRICT OF PHILADELPHIA

Price History

Prior to Jun 18, '19 $850,000
Jun 18, '19 - Aug 6, '19 $770,000
Aug 6, '19 - Today $769,500

Additional Details

AIR Central A/C
AIR CONDITIONING Yes
BASEMENT Daylight, Full, Partial, Poured Concrete, Slab, Yes
CONSTRUCTION Masonry
HEAT Forced Air
HOA DUES None
INTERIOR Bar, Carpet, Crown Moldings, Dining Area, Flat, Floor Plan - Open
LOT 1307 sq ft
LOT DIMENSIONS 16.03 x 72.29
SEWER Public Sewer
STORIES 3+
STYLE Straight Thru
SUBDIVISION FISHTOWN
TAXES 5739.0
WATER Public
ZONING CMX2

Location

 

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Data last updated: 8/19/19 11:43 AM PDT

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