3112 Frankford Avenue, Philadelphia, PA 19134-3840 $417,000
Interior Sq. Ft: 2,730
Acreage: 0.04
Age:114 years
Taxes: $4,827
Design/Type:
Twin/Semi-Detached
Description
Welcome to 3112 Frankford Ave, a fantastic investment opportunity in one of Philadelphia’s rapidly developing neighborhoods! This well-maintained, legally zoned 5-unit building offers a mix of 3 two-bedroom units and 2 one-bedroom unit, with a total projected rental income of $51,960 annually. Currently, 3 of the 5 units are occupied by reliable, paying tenants, providing immediate cash flow for a savvy investor or owner-occupant. Each unit has separate gas and electric meters, with the landlord covering the heating and water costs. Recent updates include newer refrigerators and stoves, a newer heating system, along with a certified fire alarm system for added safety. The property boasts a solid structure and a high basement ceiling, adding value and potential for future enhancements. All essential infrastructure, such as gas and electric meters and fire alarms, are in good condition, ensuring peace of mind for any buyer. This rare twin multi-family building is located near the vibrant Port Richmond and Fishtown neighborhoods, known for their dining, shopping, and cultural attractions. The property is also conveniently close to public transportation, I-95, and other local amenities. With a strong potential for appreciation and rental income in a changing area, this property is a rare find. Please note: the property is being sold in AS-IS condition, and a 48-hour notice is required for showings.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Radiator Heating, Natural Gas, None, None, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
On Street
Interior
Unfinished Basement
Exterior
Brick/Mortar Foundation, Stone Foundation, Masonry
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Public Elementary (128 schools)
Public Middle (26 schools)
Public High (56 schools)
Private (86 schools)
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This report is a detailed community overview for Philadelphia (19134), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 33
- Average salary of people in this community: $35,487
Community Summary
- Population Density (ppl / mile): 16,293
- Household Size (ppl): 3.01
- Households w/ Children: 95%
Housing Inventory
- Owned: 10,809 (45.8%)
- Rented: 9,589 (40.6%)
- Vacant: 3,220 (13.6%)
- Total: 23,618
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 11.6%
- Some High School: 20.0%
- High School Graduate: 40.4%
- Some College: 12.6%
- Associate Degree: 5.1%
- Bachelor's Degree: 7.4%
- Graduate Degree: 2.8%
Income by dollar range
Median Income: $31,533
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $619
- One Bedroom: $711
- Two Bedroom: $920
- Three Bedroom: $958
- Four Bedroom: $1,140
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-542-3947
Listing Courtesy of: Realty Mark Associates , (215) 376-4444, bill@billmulhern.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 12/27/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.