$550,000
2303 FRANKFORD AVE, Philadelphia PA 19125
6
BEDS
3
BATHS
2,592
SQFT
$212
$/SQFT
0.03
ACRES
1950
BUILT
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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.
Directions: Google Maps
Status:
Active
Showings:
(703) 403-8950
MLS#:
PAPH804656
Year Built:
1950
Days on Site:
185 days
Home Type:
Townhouse - Straight Thru
Area:
FISHTOWN
School District:
THE SCHOOL DISTRICT
Financial Information
Current Price:
$550, 000
09/12/2019:
Price changed from: $768500 to $550000
09/05/2019:
Price changed from: $769000 to $768500
08/20/2019:
Price changed from: $769500 to $769000
08/06/2019:
Price changed from: $770000 to $769500
06/18/2019:
Price changed from: $850000 to $770000
$ per Sqft:
$212
Prop. Tax:
$5, 739
Ownership:
Fee Simple
Interior Features
Bedrooms:
6
Bathrooms:
3 (3 Full )
# of Levels:
3
Interior:
Bar, Crown Moldings, Carpet, Dining Area, Flat, Floor Plan - Open
Basement:
Daylight, Partial, Fu
Exterior Features
Lot Size:
0.03 Acres
Sub-Division:
FISHTOWN
Utilities
Heating:
Forced Air
Cooling:
Central A/C
Sewer:
Public Sew
Water:
Public
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To see the property located at 2303 FRANKFORD AVE, Philadelphia PA 19125 or any other home on this website please call (703) 403-8950
 Listing #PAPH804656 By American Heritage Realty
© 2019 Bright MLS, All Rights Reserved  Information Deemed Reliable But Not Guaranteed  The data relating to real estate for sale on this website appears in part through the Bright MLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Long & Foster participates, and is provided by Bright MLS through a licensing agreement.  The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.  Data last updated: 12/13/2019 09:00.  Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  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.







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