2301 Frankford AvePhiladelphia, PA 19125

Property Details for 2301 Frankford Ave

Year built

1875

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

2,856 SF

Zone code

CMX2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-5411-30

APU

871541130

Description

This stunning Class A, 7-unit apartment building in Philadelphia's vibrant Fishtown neighborhood presents a compelling investment opportunity. Built in 2024, the property boasts 5,600 square feet and features a 100% occupancy rate, generating a 7.32% cap rate. Each of the seven units commands a price of $273,571.43, contributing to the building's impressive $1,915,000 asking price. The property is situated at a prime Frankford Avenue location, benefiting from high visibility and strong rental demand. The building's CMX2 zoning allows for versatile use. The property is part of a larger portfolio of three boutique mixed-use buildings, all located in the highly desirable Fishtown area, known for its thriving culinary, retail, and residential scenes. This stabilized asset offers a rare chance to acquire a brand-new, high-performing investment in a top-tier US metropolitan statistical area. The building's modern design and prime location ensure continued strong rental income and appreciation potential. Detailed financials are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $542,447

  6.5%

  $500,720

  7%

  $464,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $373,165

  Geo Method

  $373,165

• Alternative Use

  Use

  Valuation

  Residential

  $620,893

  Hospitality

  $568,735

  Educational

  $473,181

  Medical

  $489,454

  Retail

  $736,059

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9804

Longitude

-75.1283

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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