2415 Frankford Ave
Property Category: Commercial For Sale
Fishtown Triplex. Owner’s dream or investor’s delight with this cash flowing, coveted and rare street-to-street Frankford Avenue CMX2 mixed-use boutique apartment building. This location on Frankford Ave at the new Fishtown roundabout is perfect. Most dynamic food and nightlife in the city and engulfed in a sea of new construction. This property has a walk score of 95 and also unbeatable access to both I-95 and the Market Frankford Line Berks Street station. Out of the three units, two are residential so let’s start with the 1, 400 square foot, bi-level, 2 bedroom, 1 bathroom owner’s deluxe apartment home with a brand new two-stage, 96% high efficiency HVAC system with Ecobee smart thermostat, freshly refinished original hardwood floors, and newly remodeled bathroom and kitchen. Apartment has a brand new in-unit washer/dryer and has been owner-occupied since 2019. The market rent for this unit is estimated between $1, 700-$1, 800 and the unit can be delivered vacant if requested. Next up we have the updated 700 square foot 1 bedroom, 1 bathroom apartment with outdoor courtyard and in-unit laundry. This apartment has its own private entrance off the cobblestone blocks of Trenton Avenue. Brand new heater and hot water heater installed in January 2022. Currently rented for below market value at $1, 250. Occupied until 5/30/22 with a pending application for a new lease at $1, 325 with a 6/1/22 start date. The last of the three units is the ground floor Frankford-Avenue-facing commercial storefront. This space has a half bathroom, basement storage, and has been occupied by the current tenant since 2015. The storefront is leased until February 2025 with built-in rent increases each year. Note, there is a buyout option included in the lease if the new owner wants to occupy the commercial space or lease it out to a new tenant. Inquire more about commercial lease details. Building has always been fully occupied with great tenants. This property is eligible for FHA financing if owner-occupied. Across the street from Philly Brewing, Martha, Zig Zag, Pizza Brain, and around the corner from Frannie Lou’s Porch, the iconic Thunderbird Salvage Thrift Store, and the delicious Circles and Squares Pizza. Walkable to Penn Treaty Park and Graffiti Pier; the latest Delaware River public space to be revamped by DRWC. Co-listing agent Jonathan Dean has part equitable interest
2415 Frankford Ave
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