821 N Franklin St, Philadelphia, PA, 19123

821 N Franklin St, Philadelphia, PA, 19123 < >
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for sale
$949,999
Bedrooms:6
Bathrooms:4
Square Feet:3216
Lot Size:0.04 Acres
Year Built:1915
Status:Active
MLS #:PAPH1002402
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
Get More Information
Go See This Home
821 N Franklin Street, a four-unit multifamily property located in the Northern Liberties neighborhood of Philadelphia, Pennsylvania. This 3,200 SF building was fully renovated in 2017, including the addition of a roof deck for the top unit. This property is well positioned to continue to maintain strong occupancy and rent appreciation while requiring minimal maintenance and upkeep. It is an incredible balance of stability and upside, as the current rental rates are under market for this quality of product in Northern Liberties. Northern Liberties has been one of the most in demand residential neighborhoods for years. Rental growth has been unmatched as rents on a per square foot basis have continually grown at roughly 5% year over year. 821 N Franklin Street greatly benefits from this exposure, and offers a new investor an immediate opportunity to increase rents. The top unit has a tenant scheduled to take possession in May, and the other three current tenants are in place on month-to-month leases, creating a significant opportunity to lease out each of those units with fresh terms and simultaneously increasing rents. This presents an immediate value add opportunity with a recently renovated property in one of the most prominent neighborhoods in Philadelphia. Please reach out for the full offering brochure with more information.
Interior Details
Above Grade Fin SQFT: 3216Architectural Style: Traditional
Basement Type: FullBathrooms Full: 4
Below Grade Fin SQFT: 0Below Grade Finished Area Units: Square Feet
Fireplaces Count: 0Levels Count: 3
Interior Features: Wood Floors

Exterior Details
Water Access YN: NWaterfront YN: N
Water Oriented YN: NNavigable Water YN: N
Lot Size Acres: 0.04Lot SQFT: 1836.00

Community Information
HOA YN: NSenior Community YN: N
Zoning: RM1MLS Area: 19123 (19123)
County: PHILADELPHIASubdivision Name: NORTHERN LIBERTIES

School Details
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Property Information From MLS Data
Accessibility Features: NoneStory List: Main, Upper 1
Year Built: 1915New Construction YN: N
DOM: 1

Financial Information
Tax Annual Amount: 12180.0Tax Year: 2020
Sale Type: Standard

Utilities
Sewer Septic: Public SewerWater Source: Public
Cooling Type: Central A/CCooling Fuel: Electric
Heating Type: CentralHeating Fuel: Electric
Hot Water: Electric

Listing Information Courtesy of:
List Office Name: Space & Company
List Agent Full Name: Nicolette Hitzel

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Monthly Payment for 821 N Franklin St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$949,999
Down Payment:
Loan Amount:$759,999
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Nicolette Hitzel, Space & Company

Information obtained from Bright MLS is current as of 4/14/2021 1:18 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.
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