2303 Frankford Ave, Philadelphia, PA, 19125

2303 Frankford Ave, Philadelphia, PA, 19125 < >
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for sale
$770,000
Bedrooms:6
Bathrooms:3
Square Feet:2592
Lot Size:0.03 Acres
Year Built:1950
Status:Active
MLS #:PAPH804656
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
Get More Information
Go See This Property
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.
Interior Details
Above Grade Fin SQFT: 2592Architectural Style: Straight Thru
Basement Type: Daylight, Partial, Full, Poured Concrete, SlabBathrooms Full: 3
Below Grade Fin SQFT: 0Below Grade Finished Area Units: Square Feet
Building Total SQFT: 2592.00Fireplaces Count: 0
Levels Count: 3+Interior Features: Bar, Crown Moldings, Carpet, Dining Area, Flat, Floor P

Exterior Details
Attached Garage YN: NWater Access YN: N
Waterfront YN: NWater Oriented YN: N
Navigable Water YN: NLot Size Acres: 0.03
Lot SQFT: 1159.00

Community Information
HOA YN: NSenior Community YN: N
Zoning: CMX2MLS Area: 19125 (19125)
County: PHILADELPHIASubdivision Name: FISHTOWN

School Details
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Property Information From MLS Data
Accessibility Features: 32"+ wide DoorsStory List: Main, Upper 1, Upper 2, Upper 3
Year Built: 1950New Construction YN: N
DOM: 10

Financial Information
Tax Annual Amount: 5739.0Tax Year: 2019
Sale Type: Standard

Utilities
Sewer Septic: Public SewerWater Source: Public
Cooling Type: Central A/CCooling Fuel: Electric
Heating Type: Forced AirHeating Fuel: Oil

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Monthly Payment for 2303 Frankford Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$770,000
Down Payment:
Loan Amount:$616,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of William Kilrain, American Heritage Realty

Information obtained from MDBMLS is current as of 6/19/2019 4:49 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is 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.