2303 FRANKFORD AVE, Philadelphia PA 19125
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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
Days on Site:
Townhouse - Straight Thru
THE SCHOOL DISTRICT
Price changed from: $768500 to $550000
Price changed from: $769000 to $768500
Price changed from: $769500 to $769000
Price changed from: $770000 to $769500
Price changed from: $850000 to $770000
$ per Sqft:
3 (3 Full )
# of Levels:
Bar, Crown Moldings, Carpet, Dining Area, Flat, Floor Plan - Open
Daylight, Partial, Fu
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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
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