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2554-56 Frankford Ave, Philadelphia, PA, 19125
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for sale
$2,100,000
Lot Size:
0.03 Acres
Year Built:
2023
Status:
Active
MLS #:
PAPH2283906
Date Updated:
5/2/2024
For information contact:
MGC Real Estate Group
215-928-0221
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Discover a prime investment opportunity in the heart of East Kensington, where these two meticulously designed triplexes at 2554-56 Frankford Ave redefine urban living. With luxurious spaces and a secure future backed by 10-Year Tax Abatements through 2033, these residences promise both immediate returns and enduring growth. Nestled amidst the East Kensington renaissance, these triplexes stand at the epicenter of a thriving community. The area is undergoing transformative projects, ensuring continuous appreciation for your investment. Each building comprises two generous two-bedroom, one-bathroom units and one expansive three-bedroom, three-bathroom bi-level unit, offering ample living space tailored for modern lifestyles. Adorned with top-notch features, including modern tile, flooring, and cabinet finishes, complemented by energy-efficient LED lighting, these triplexes offer both functionality and elegance. Unit One boasts a private backyard, offering a tranquil oasis in the midst of the city. Unit Three features a private roof deck access, providing breathtaking views of the cityscape and the iconic Philadelphia skyline. Enjoy seamless access to Center City and beyond, thanks to the proximity to the Market-Frankford Line. Additionally, you'll find yourself steps away from the vibrant culinary scene, with flourishing restaurants, bars, and coffee shops lining Frankford Avenue. These income-producing properties are not just residences; they are assets that promise both immediate returns and long-term growth. Don't miss this chance to enhance your investment portfolio with properties that align with Philadelphia's promising future. The opportunity to own these triplexes won't last long. Schedule an appointment today to experience the charm and potential of these East Kensington gems.
Interior Details
Architectural Style
: Other
Basement Type
: Other
Flooring Type
: Vinyl
Foundation Details
: Other
Living Area SQFT
: 0
Exterior Details
Exterior Features
: Street Lights
Lot Size Acres
: 0.03
Lot Size Dimensions
: 20.00 x 71.00
Lot SQFT
: 1147.00
Navigable Water YN
: N
Community Information
County
: PHILADELPHIA
MLS Area
: 19125 (19125)
One Bedroom Units Count
: 0
Single Room Units Count
: 0
Zoning
: CMX2
Municipality
: PHILADELPHIA
School Details
School District Name
: THE SCHOOL DISTRICT OF PHILADELPHIA
Property Information From MLS Data
Accessibility Features
: None
New Construction YN
: Y
Property Sub Type
: Triplex
Year Built
: 2023
Utilities
Cooling Type
: Energy Star Cooling System, Heat Pump(s)
Cooling Fuel
: Electric
Electric Service
: 200+ Amp Service
Heating Type
: Heat Pump - Electric BackUp
Hot Water
: None
Sewer Septic
: Other
Water Source
: Public
Listing Information Courtesy of:
List Agent Full Name
: Daniel J. Demers
List Office Phone
: 8778936566
List Office Name
: Sell Your Home Services
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Monthly Payment for 2554-56 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:
$2,100,000
Down Payment:
Loan Amount:
$1,680,000
Loan Type:
30 year fixed at
%
Principal & Interest:
Property Taxes:
(
1.5
%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Daniel J. Demers, Sell Your Home Services
Information obtained from Bright MLS is current as of 5/2/2024 5:54 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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Status Explained
Multiple Listing Services use a variety of statuses with their listings, and sometimes a combination of statuses. Below is a list of common terms you may see.
Status
Meaning
Active
Available for purchase
Active with Contract
Backup
Contingent
Cont
Continue to Show
Pending
Under Deposit
Under Contract
Available but the listing has an offer on it and is being displayed to solicit backup offers. You may be able to make an offer but you will be competing with another buyer.
Contact an agent to discuss making an offer.
Back On Market
Available. The listing was previously unavailable
Cancelled
Closed
Sold
Expired
Off Market
Withdrawn
No longer available.
New
Available, recently listed
Price Raised
Reduced
Changed
Available and has recently had a price change
Short
Short Sale
Available but requires a bank approval for any offer
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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MGC Real Estate Group
20 N 3rd Street, STE 302
Philadelphia, PA 19106
215-928-0221
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