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FRANKFORD AVENUE FISHTOWN MULTIFAMILY 2414 Frankford Ave 6 Unit Apartment Building $2,350,000 ($391,667/Unit) 6.13% Cap Rate Philadelphia, PA 19125



INVESTMENT HIGHLIGHTS
- 29' FRANKFORD AVENUE FISHTOWN FRONTAGE
- BOUTIQUE APARTMENT PROPERTY
- HIGH-DEMAND LOCATION/AMENITY RICH SUBMARKET
- NEWLY CONSTRUCTED MULTIFAMILY BUILDING
- 10YR TAX ABATEMENT
EXECUTIVE SUMMARY
Introducing 2414 Frankford Avenue — a turnkey 7-unit investment property, prominently located on one of Philly's most recognizable streets — Frankford Avenue Fishtown. This fully-leased boutique apartment property features six (6) apartments over ground floor commercial space. The ±5900 SF, 3-storey building is comprised of two (2) bi-level 2bd x 2ba units and four (4) 1bd x 1ba units atop 796 SF of prime commercial space, leased to Philadelphia Barber Co. Designed by Canno, the curb appeal emanates along the Frankford Ave corridor — surrounded by some of the city's best restaurants, retailers, cafes and bars. Factory styled oversized windows emit an overflow of natural light in the apartments coupled with slick kitchens and baths, European-inspired finishes, high ceilings, and laundry and storage for convenience. Purchase this irreplaceable multifamily building in a Top-10 USA MSA where extremely high barriers-to-entry exist. 2414 Frankford boasts a completely walkable setting in Fishtown proper, with an abundance of amenities and conveniences available within a short stroll, such as: The Market-Frankford El train, Shake Shack, La Colombe, Kalaya, Forin, Suraya, LMNO, Goldie, City Fitness, Front Street Cafe, Middle Child Clubhouse, Laser Wolf, Wm. Mulherin's Sons, Pizzeria Beddia, Palmer Park, and more. Fishtown has become a locally-prized destination for top chefs, retailers and creators — and tenants alike. There is no shortage of residential demand in this coveted submarket. There are limited opportunities to invest in high-quality real estate in Fishtown due to its scarcity. High-growth rental submarket. 10yr tax abatement. Minimal OPEX. Enquire within for financials.
PROPERTY FACTS
| Price | $2,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $391,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.13% | Building Size | 2,400 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CMX-2 - Commercial Mixed Use | ||
| Price | $2,350,000 |
| Price Per Unit | $391,667 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 2,400 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | CMX-2 - Commercial Mixed Use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (82)
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FRANKFORD AVENUE FISHTOWN MULTIFAMILY | 2414 Frankford Ave
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