PENDING
NEW CONSTRUCTION
2001-5 Frankford Ave Philadelphia, PA 19125
Fishtown NeighborhoodEstimated payment $17,899/month
Total Views
3,068
--
Bed
--
Bath
9,120
Sq Ft
$329
Price per Sq Ft
Highlights
- New Construction
- 0.14 Acre Lot
- Corner Lot
- City View
- Contemporary Architecture
- 3-minute walk to Konrad Square
About This Home
$1M price reduction: "The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania — FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. Signed lease for ground floor commercial (bar concept) — all apartments leased. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant's procured) — apartments in punchlist/lease up phase. 240 E Girard = 9 apts + 2x commercial. White box commercial space — apartments in lease up. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 8.4% pro forma cap rate. 10 year tax abatement. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket.
***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,242
Year Built
- Built in 2024 | New Construction
Lot Details
- 6,169 Sq Ft Lot
- Lot Dimensions are 60.00 x 120.00
- Corner Lot
- Property is in excellent condition
Home Design
- Contemporary Architecture
- Fiberglass Roof
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 9,120 Sq Ft Home
- Luxury Vinyl Plank Tile Flooring
- City Views
- Basement
Location
- Urban Location
Utilities
- Central Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 93
- Assessor Parcel Number 881068753
Community Details
Overview
- 4 Units
- 1 Elevator
Building Details
- 10 Vacant Units
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | Pending | -- | -- | -- |
| 01/17/2025 01/17/25 | Price Changed | $3,000,000 | -10.4% | $329 / Sq Ft |
| 12/02/2024 12/02/24 | For Sale | $3,350,000 | -- | $367 / Sq Ft |
Source: Bright MLS
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2421770
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