See Home Value
$301,704*
Multifamily - Off Market

3110 FRANKFORD AVENUE

PHILADELPHIA, PA 19134
bedrooms
Studio
bathrooms
0 Bath
square feet
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.
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
Stu
-
-
$339,900 Jan 1, 2024
$339,900 Apr 16, 2024
-
Townhouse
4 Beds
3 Baths
1,776 ft²
$126/ft²
$223,000 Oct 10, 2023
$223,000 Feb 26, 2024
-
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
-
Townhouse
1 Bed
1 Bath
1,300 ft²
$231/ft²
$300,000 Feb 21, 2024
-
-
Townhouse
Stu
-
-
$299,999 Mar 15, 2024
-
-
Townhouse
3 Beds
2 Baths
1,875 ft²
$133/ft²
$250,000 Mar 18, 2024
-
-
Townhouse
3 Beds
1 Bath
1,555 ft²
$174/ft²
$269,999 Mar 16, 2024
-
-
Townhouse
3 Beds
2 Baths
1,450 ft²
$190/ft²
$275,000 Mar 27, 2024
-
-
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
More about this Building
3110 Frankford Avenue
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About North Philadelphia


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