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Opportunity Zone

THE BANK at 2521 Frankford Ave, Fishtown Philadelphia

Mixed Use Triplex (2 Residential Units, 1 Commercial Unit) Brand new Renovation | 6.00% CAP

Listing Contacts

Active

Asking Price:Unpriced
Earnest Money  Deposit: 2.5% min.
Address 

2521 Frankford Ave, Philadelphia, PA 19125

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Date Added
Nov 7, 2023
Days on Market
530 days
Time Since Last Update
75 days

Details

Property TypeHospitality, Mixed Use, Multifamily, Office, Retail
SubtypeApartment Building, Creative Office, Restaurant
Investment TypeOwner/User
Square Footage3,000 - 4,000
Net Rentable (sq ft)3,000
Cap Rate6.00%
NOI$70,000
Units3
Year Built1900
Year Renovated2023
Buildings1
Stories3
ZoningCMX2
Lot Size (sq ft)1,278
Broker Co-OpYes
OwnershipFee Simple
IntelligenceINTELLIGENCE
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Marketing Description

Welcome to 2521 Frankford, a beautiful, brand-new building located in the heart of Fishtown! This fantastic investment opportunity has two spacious studio lofts and one prime commercial unit.​ The property is nestled right in between two of the hottest new destinations in the neighborhood- Forin Cafe and Post Haste.​ As you enter the building the vestibule will lead you forward into the commercial unit, and a private door to your left will lead you upstairs to the large loft style studio apartments, you will be in awe at the massive ceiling heights with exposed beams.​ The abundance of natural light flows in from the windows and fills the entire space, giving the loft a comfortable open and airy feel.​ The kitchen is equipped with brand-new, stainless steel appliances, quarts countertops, and plenty of white cabinets with black finishes for storage.​ Living and bedroom space are separated by a half-wall to elevate the loft feel of the unit, with the bedroom space large enough to fit a king-sized bed.​ Bathroom boasts modern finishes with black and white features and white subway tile in the shower/tub combo.​ Washer and dryer are in-unit for your tenants convenience.​ The property is currently being leased, both the residential and commercial units, and will be sold fully leased.​ This prime location is walking distance to Hello Donuts, Post Haste, Martha, Pizza Brain, Philadelphia Brewing Company, and the highly anticipated Fiore as well as having easy access to interstate 95 and the Fishtown Crossing shopping complex.​  

Investment Highlights

  • 2 Residential Units,

  • 1 Commercial Unit

  • Frankford Avenue New Development

  • 10 Year Tax Abatement

  • Brand New Construction

  • Rare Opportunity

  • Owner Occupant or Investment

  • Asking Price $1,200,000

Valuation Calculator

Valuation Calculator

Loan Amount
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Annual Debt Service
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Annual Cash Flow
$70,000.00
$5,833.33/mo

Valuation Metrics

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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Listing Contacts


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