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Map
$988,563*
●
Multifamily -
Off Market
1551 N FRANKLIN STREET
PHILADELPHIA, PA 19122
Studio
0 Bath
4130 Sqft
$716,000 - $874,000
Reference Base Price*
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Huge Price Drop! Motivated Seller. Submit all Offers. New
construction mixed-use triplex with approved 10 year tax abatement!
At approx. 4200 sq. ft., 4 story corner lot, and located in the
booming Ludlow/Olde Kensington area, this property is a great
investment opportunity, priced to sell. The two residential
apartments are rented at $2100/mo for Unit 3, $1300/mo for Unit 2.
Projected rent for commercial space (unit 1) is at least
$1700/mo. That is a cap rat of over 7.0%! (Rental Pro Forma
Attached). This property is perfect for a business owner operating
their business in the extra large bi-level commercial space
downstairs, and collect additional income from the two apartments
or an investor simply wanting to add to their portfolio a large
triplex with great potential for profit! Unit 1 is a large
bi-level commercial space with separate side entrance, a backyard,
a large ADA restroom and a second downstairs restroom for
convenience. Unit 2 is a 1 bed/1 bath apartment with open floor
plan, modern energy-efficient appliances, in-unit laundry,
and beautiful finishes. Unit 3 is a bi-level 3 bed/2.5 bath
apartment which has a spectacular rooftop deck with 360-degree
views of the city, master suite, in-unit laundry, and a bonus area
that can be used as a dining are, home office space, or just as an
open space for entertaining. Some spectacular features include
quartz counter-top kitchens, modern appliances, laminate flooring,
luxurious vanity and elegantly tiles baths, walk-in closet,
fiberglass roof deck, brick facade, high ceilings, security
cameras, video doorbell intercom, etc. This is a rare investment
opportunity at a great value!
The manager has listed the unit size as 4130 square feet.
The manager has listed the unit size as 4130 square feet.
Unit Size
4,130Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$192
Property Type
Multifamily
Property Taxes
$90
HOA Dues
-
Year Built
2019
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 25, 2021 | No longer available | - | |
No longer available | |||
Mar 3, 2021 | Relisted | $795,000 | |
Relisted | |||
Mar 2, 2021 | No longer available | - | |
No longer available | |||
Jan 13, 2021 | Price Decreased |
$795,000
↓ $15K
(1.8%)
|
|
Price Decreased | |||
Dec 25, 2020 | Price Decreased |
$809,900
↓ $10K
(1.2%)
|
|
Price Decreased |
Show More
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
Sold
Townhouse
4
Beds
5
Baths
4,000 ft²
$166/ft²
$665,000
Nov 10, 2014
$665,000
Dec 19, 2014
-
Townhouse
4
Beds
5
Baths
3,796 ft²
$162/ft²
$615,000
May 12, 2022
$615,000
Jul 29, 2022
-
Townhouse
3
Beds
3
Baths
3,000 ft²
$242/ft²
$725,000
Apr 4, 2023
$725,000
Sep 26, 2023
$64/mo
Townhouse
3
Beds
3
Baths
3,000 ft²
$237/ft²
$710,000
Mar 23, 2023
$710,000
Jun 15, 2023
$64/mo
Townhouse
3
Beds
3
Baths
3,000 ft²
$240/ft²
$720,000
Dec 20, 2021
$720,000
Oct 12, 2023
$64/mo
Townhouse
3
Beds
3
Baths
3,000 ft²
$240/ft²
$719,000
Jan 19, 2022
$719,000
Apr 19, 2023
$64/mo
Active
Multifamily
Stu
-
4,000 ft²
$165/ft²
$659,888
Oct 13, 2023
-
$1,679/mo
Active
Multifamily
Stu
-
2,700 ft²
$272/ft²
$735,000
Apr 12, 2023
-
$1,070/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/04/2022
|
|
Loft
|
-
|
-
|
$889,900
Loft
-
|
-
-
|
-
|
Chimi Kadriu
Keller Williams - Philly South
|
10/19/2020
|
|
Studio
|
-
|
4130 ft²
|
$879,900
Studio
-
4130 ft²
|
-
-
|
-
|
-
|
03/11/2016
|
|
Loft
|
-
|
-
|
$79,900
Loft
-
|
$65,000
-18.65%
10/13/2016
|
-
|
Steven Osiecki
RE/MAX Access
|
Building Info
1551 North Franklin Street
1551 North Franklin Street, Philadelphia, PA 19122
About North Philadelphia
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