Patterson-Schwartz Real Estate2476 Frankford Avenue, Philadelphia, PA 19125-1664 $780,000
Interior Sq. Ft: 2,691
Acreage: 0.03
Age:11 years
Taxes: $1,718
Subdivision: East Kensington
Design/Type:
Other
Description
Located in the highly sought-after 19125 zip code of Fishtown, Philadelphia, this 3-unit residential property offers a prime investment opportunity. Currently cash-flowing with significant upside potential, it is perfectly positioned to attract graduate students and young professional renters due to the area's dramatic year-over-year rent increases and high demand. The building is comprised of (2) two-bed, two-bath units and (1) three-bed, two-bath bi-level unit. All units are currently rented and are on yearly leases. Unit one pays $1,950/month, unit two pays $1,300/month, and unit three pays $1,450/month. The tenants pay for all utilities, and each unit has its own separate meters and hot water heater. Additionally, each unit has its own washer and dryer. The property, built in 2013, features modern finishes with beautiful kitchens, gorgeous tiled bathrooms, and hardwood floors throughout. Each kitchen comes equipped with a built-in microwave, range, refrigerator, and a dishwasher for convenience. Buyer needs to do their own due diligence to verify the zoning. This property is a great opportunity for an investor looking to add to their rental portfolio in a neighborhood with extremely high demand and great potential for appreciation. Alternatively, this purchase could be used by someone looking to live in one unit and rent the others out to cover the mortgage and reduce living expenses. With a Walk Score of 92, daily errands can easily be completed without a car. The property has a Transit Score of 68, indicating good access to public transportation, and a Biking Score of 84, reflecting excellent biking infrastructure. Nearby dining options include Four Son's Pizza, Martha, Zig Zag BBQ, Thin & Crispy, and more. Educational institutions in the vicinity are Horatio B. Hackett School, Kensington High School, Kensington Culinary Arts, and Henry A. Brown School. For groceries, residents can shop at Quick Stop 1, Charles Jacquin Et Cie, Dans Fresh Meats, and Fine Fare Supermarket, among others. The property is located close to the York-Dauphin Station for the Market-Frankford Line stop, making commuting to center city a breeze. Nearby parks include Aramingo Square, Richmond Playground, and Palmer Park. This property is located in the heart of Fishtown, known for its vibrant community, diverse amenities, and proximity to downtown Philadelphia. The area is easily accessible, with attractions such as restaurants, cafes, entertainment venues, and public transportation nearby. Additional features include 3D tours in the media section for a detailed view of the property, and showings require a 24-hour notice. This property offers a unique opportunity to capitalize on Fishtown's expanding rental market, with the potential for substantial returns through higher rental income and property value appreciation. Call to schedule your visit today!
Home Assoc: No
Condo Assoc: No
Basement: N
Pool: No Pool
Features
Utilities
Central Heating, Natural Gas, Central A/C, Natural Gas, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
None
Interior
Sprinkler System - Indoor
Exterior
Masonry, Patio(s), Sidewalks, Street Lights
Lot
Rear Yard, Urban, Street View
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (136 schools)
Public Middle (27 schools)
Public High (61 schools)
Private (89 schools)
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This report is a detailed community overview for Philadelphia (19125), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 30
- Average salary of people in this community: $54,438
Community Summary
- Population Density (ppl / mile): 16,487
- Household Size (ppl): 2.42
- Households w/ Children: 39%
Housing Inventory
- Owned: 6,709 (57.5%)
- Rented: 3,847 (33.0%)
- Vacant: 1,109 (9.5%)
- Total: 11,665
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.3%
- Some High School: 7.8%
- High School Graduate: 24.5%
- Some College: 13.0%
- Associate Degree: 4.2%
- Bachelor's Degree: 28.8%
- Graduate Degree: 17.5%
Income by dollar range
Median Income: $72,990
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $704
- One Bedroom: $1,153
- Two Bedroom: $1,247
- Three Bedroom: $1,612
- Four Bedroom: $2,140
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at
Listing Courtesy of: RE/MAX @ HOME , (215) 607-3535, thelistingteam@liveloveathome.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/15/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
