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Map
$301,704*
●
Multifamily -
Off Market
3110 FRANKFORD AVENUE
PHILADELPHIA, PA 19134
Studio
0 Bath
1792 Sqft
$257,000 - $313,000
Reference Base Price*
5.86%
Since Feb 1, 2023
National-US
Primary Model
About This Property
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 opportunity to increase
rents. Two of the units have been recently rehabbed, 1F,
which rents for $975/month and 2F, which is rented for $800/month.
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. 2 of the 4 units are occupied bringing in a
total cash flow of $1775 / month. Once the 3rd & 4th units
are rented, total cash flow will be $3,525/ month.
The manager has listed the unit size as 1792 square feet.
The manager has listed the unit size as 1792 square feet.
Unit Size
1,792Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$159
Property Type
Multifamily
Property Taxes
$258
HOA Dues
-
Year Built
1920
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 31, 2023 | No longer available | - | |
No longer available | |||
Dec 15, 2022 | Relisted | $285,000 | |
Relisted | |||
Dec 9, 2022 | No longer available | - | |
No longer available | |||
Nov 22, 2022 | Price Decreased |
$300,000
↓ $25K
(7.7%)
|
|
Price Decreased | |||
Jun 24, 2022 | Price Decreased |
$325,000
↓ $15K
(4.4%)
|
|
Price Decreased |
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Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
3
Beds
3
Baths
1,730 ft²
$162/ft²
$280,000
Mar 2, 2024
$280,000
Mar 29, 2024
-
Townhouse
3
Beds
3
Baths
1,760 ft²
$142/ft²
$250,000
Apr 2, 2021
$250,000
Jun 24, 2021
-
Townhouse
4
Beds
3
Baths
1,776 ft²
$126/ft²
$223,000
Oct 10, 2023
$223,000
Feb 26, 2024
-
Sold
Townhouse
3
Beds
3
Baths
1,750 ft²
$194/ft²
$339,900
Sep 11, 2023
$339,900
Nov 30, 2023
-
House
4
Beds
3
Baths
1,590 ft²
$173/ft²
$274,900
Dec 1, 2022
$274,900
Jun 23, 2023
-
Active
Townhouse
1
Bed
1
Bath
1,300 ft²
$231/ft²
$300,000
Feb 21, 2024
-
-
Active
Townhouse
3
Beds
1
Bath
1,555 ft²
$174/ft²
$269,999
Mar 16, 2024
-
-
In Contract
Townhouse
3
Beds
2
Baths
1,450 ft²
$207/ft²
$299,900
Mar 2, 2024
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
3110 Frankford Avenue
3110 Frankford Avenue, Philadelphia, PA 19134
- 1 Unit for Sale