2001 Frankford Ave - Apartments FOR SALE


Philadelphia, PA 19125- Fishtown
$7,000,000 USD
610-606-1095
2001 Frankford Ave, Philadelphia, PA for Sale
$7,000,000 USD
Apartments - FOR SALE
1/101
null | Request Cap Rate

2001 Frankford Ave
Philadelphia, PA 19125
Fishtown


HIGHLIGHTS

  • TROPHY PORTFOLIO SALE
  • MAIN AND MAIN ADDRESSES
  • PRIME FISHTOWN LOCATION
  • THREE (3) BUILDINGS ON OFFER

OVERVIEW

"The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania — FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial — fully stabilized. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant is procured) — apartments are in punchlist phase (vacant). 240 E Girard = 9 apts + 2x commercial. White box commercial space — apartments are fully-leased. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is nationally known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket. ***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$1,618 USD /SF

# OF UNITS

28

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

64%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FISHTOWN PROPER PORTFOLIO

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,169 SF

ZONING

CMX2

APN/PARCEL ID

881068753

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.