3110 FRANKFORD AVENUE

PHILADELPHIA, PA, 19134

$325,000

$181 per ft²
$325,000
$181 per ft²
Active
Active
 - For Sale
carpenters-square
1,792 ft²
property_type
Multi-family
calendar
Built 1920
Come check out 3110 Frankford Ave; a 4 unit cash flowing quadplex on Frankford avenue. This is a great investment opportunity in a growing area. Located a few blocks outside the Lehigh Ave corridor in Port Richmond (19134). In walking proximity to grocery, retail, restaurants, bars, and public transportation. This is a value add investment opportunity with increases in rents. Two of the units have been recently rehabbed, 1F, which rents for $975/month and 2F, which is being marketed for $850/month (soon to be rented). The other two units present an opportunity to increase rental income by $750-$1,000 monthly. This investment is currently being offered at an amazing capitalization rate for the neighborhood and rental history. This building offers the opportunity for a 10% cash on cash return. In the current market this would be a great inflation hedge. 3 of the 4 units are occupied bringing in a total cash flow of $2175 / month. Once the 4th unit is rented, total cash flow will be $3,025 / month. Projected monthly cash flow is $3575 / month with updates to 2F & 2R.
MLS® ID:
PAPH2125678
Updated:
7/2/22
Keller Williams Realty
The Behr Team

Interior Features

Kitchen Appliances
Refrigerator, Stove, Oven/Range - Electric
Total Bedrooms
0
Total Bathrooms
0
Cooling
Wall Unit
Heating
Wall Unit, Baseboard - Electric, Baseboard - Hot Water, Radiator

Exterior/Building Features

Lot Size
1,700 ft² lot
Architectural Style
Other
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19134 (19134)
Taxes
$1394.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
RM1

Property History

Date
Event
Price
Value
6/23/22
Price Change
$325,000
-4%

Courtesy of Simple Choice Realty

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Data last updated 12:12 PM UTC, 7/2/22

Keller Williams Realty
The Behr Team
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