2222 Frankford Ave,PHILADELPHIA, PA 19125
PHILADELPHIA, PA 19125
Description
This Fishtown / Northern Liberties Multifamily Portfolio presents a rare opportunity to acquire an 12-property, 50-unit multifamily and mixed-use portfolio located throughout some of Philadelphia's most desirable urban neighborhoods, including Fishtown, Northern Liberties, Olde Kensington, Fairmount andSouth Philadelphia. The portfolio consists of 45 residential apartment units and 5 commercial spaces strategically positioned within highly sought-after locations that continue to experience strong population growth, new development activity, and increasing rental demand. The portfolio generates a projected net operating income of approximately $940,964, representing an attractive overall capitalization rate of approximately 6.72%. The properties feature a combination of newer construction and extensively renovated assets offering modern floor plans, luxury finishes, and strong tenant appeal. Many units feature quartz countertops, stainless steel appliances, contemporary cabinetry, designer bathrooms, and open- concept living spaces. Many of the properties offer in-place tax abatements. Investors benefit from immediate scale, diversified income streams, and strong in-place cash flow while maintaining long-term upside through rent growth, operational efficiencies, and continued neighborhood appreciation. Taxes and square footage is the responsibility of the buyer to verify independently. 2222 Frankford (Tax ID: 871000320 / Owner: 2222 Frankford LLC), 1503-07 N Front (Tax ID: 881000795 / Owner: 1503 Front LLC), 2162 Norris (Tax ID: 881068744 / Owner: Norris Partners LLC), 2005 E Susquehanna (Tax ID: Unit 1 - 888000387, Unit 2 - 888000388, Unit 3 - 888000389, Unit 4 - 888001325 / Owner: 2005 E Susquehanna LLC), 1309 N Randolph Street (Tax ID: 182281800 / Owner: Philly Restoration LLC), 300 Jefferson Street (Tax ID: 182175605 / Owner: 300 Jefferson Street Partners LLC), 758 N Uber Street (Tax ID: 151066400 / Owner: Philly Restoration LLC), 1201 N Taylor Street (Tax ID: 291320500 / Owner: Philly Restoration LLC), 1735 Federal Street (Tax ID: 365293901 / Owner: South Philly Rental Group), 1068 N Front Street (Tax ID: 871000213 / Owner: 1070 Front LLC), 1070 N Front Street (Tax ID: 871000333 / Owner: 1070 Front LLC), 1072 N Front Street (Tax ID: 057023000 / / Owner: 1070 Front LLC).
Details
| MLS # | PAPH2634300 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2023 |
| Days On Site | 99 |
| Listing Provided By | KW Empower | Jim Onesti |
Features
| Zoning | N/A |
|---|
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19125 |
| Area | 19125 (19125) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19125) | |
Price: $13,750,000 low | high Med: $315,000 On site: 99 low | high Med: 116.5 | |
Market Activity 19125
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19125 |
| Area | 19125 (19125) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19125) | |
Price: $13,750,000 low | high Med: $315,000 On site: 99 low | high Med: 116.5 | |
