PA > Philadelphia
Philadelphia, PA 19125,2516 FRANKFORD
Philadelphia, PA 19125,2516 FRANKFORD
Philadelphia, PA 19125,2516 FRANKFORD
24
See all 24 photos
$750,000
Est. payment /mo
Save Virtual Tour
2,555 SqFt
Active

2516 FRANKFORD Philadelphia, PA 19125

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Matthew Curcio

Matthew Curcio

+1(856) 207-7592

UPDATED:

11/13/2024 02:59 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,555 sqft

Price per Sqft $293

MLS Listing ID PAPH2302076

Style Traditional

Abv Grd Liv Area 2,555

Originating Board BRIGHT

Year Built 1921

Annual Tax Amount $612

Tax Year 2023

Lot Size 1,584 Sqft

Acres 0.04

Lot Dimensions 18ft wide

Property Description

Rare Development Opportunity - Entitled 6 Units On a High Preforming Corridor. Location Details
CMX-2 Zoned for commercial, 5 residential units above • 1 & 2 bed units & roof deck. Eligible for a 10 year tax abatement upon completion of construction . Additional property (set up as a duplex) at 2505 Amber St is interested to sell as a package deal, therefore you can consolidate, increase the foot print of the building and add unit density. Central to large and midsize development .Located in a Qualified Opportunity Zone Strategy 1 - Bring the building to lease ready condition for a projected $4100 gross monthly income to cover the estimated $4000 monthly debt service. Pursue approvals on plans and pull permitting. factoring in expediting and response time from examiners you'll begin work in the spring time, which will aline with the ideal rental cycle for stabilizing the building. Strategy 2 - For an offer price of $780,000 Seller will finalize and coordinate with the architect to submit plans for approval. Seller will deliver approved plans at the time of closing. Buyer will be responsible for adding their contractor to eclipse and pulling/ paying for permits. Build immediately and sync with the rental cycle to stabilize the building.

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Inclusions Proposed plans and zoning approval

Heat Source Natural Gas

Exterior

Water Access N

View City

Roof Type Flat

Accessibility None

Garage N

Building

Lot Description Irregular

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871142200

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Richard K Cassell • KW Empower

GET MORE INFORMATION

Matthew Curcio

Broker Associate | License ID: 0121845

+1(856) 207-7592

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

2516 FRANKFORD

QUICK SEARCH
There are 59 quick searches