$3,000,000
PENDING NEW CONSTRUCTION

Estimated payment $17,533/month

Total Views 3,119
-- 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.

Listing Agent

Ryan McManus

Keller Williams Liberty Place Listed on: 12/02/2024

Co-Listing Agent

Brandon Ribeiro

Keller Williams Liberty Place

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,242

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: Yes
  • Expected On Market: 12/31/2024 12:00:00 AM
  • Year Built: 2024
  • Automatically Close On Close Date: No
  • Remarks Public: $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.
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Luxury Vinyl Plank
  • Elevators Count: 1
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Total Sq Ft: 9120
  • Living Area Sq Ft: 9120
  • Price Per Sq Ft: 328.95
  • Above Grade Finished Sq Ft: 9120
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2001

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry
  • Construction Completed: No
  • Roof: Fiberglass
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Central
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: CA0
  • Lot Features: Corner
  • Lot Size Acres: 0.14
  • Lot Dimensions: 60.00 x 120.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6169.00
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: CMX2

Rental Info

  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • School Tax: 7976.00
  • Tax Annual Amount: 14242.00
  • Assessor Parcel Number: 881068753
  • Tax Lot: 93
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 10
  • Single Room Units Count: 2

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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Source: Bright MLS

MLS Number: PAPH2421770

Bright MLS