Description
JBMP Group is pleased to extend to qualified investors the opportunity to acquire 2478 Frankford Ave, a 3 unit value-add development located in the heart of Fishtown, Philadelphia. The Property presents the unique opportunity to acquire a well located, cash flowing investment with significant upside potential located in the highly sought after 19125 zip code. The Property is perfectly positioned in the market as a convenient and affordable option for graduate students and young professional renters as rates in 19125 continue to increase dramatically year-over-year. The new owner will have the opportunity to complete cosmetic updates on the units with minor layout changes to increase the rent roll to market rates. The unit mix consists of two (2) two bedroom units, and one (1) three bedroom units. Each unit in the proposed renovation plan would remove a bedroom and bathroom, bringing the layouts up to market expectations with an open-concept floorplan and modern finishes. 3D tours in media section; OM available by request. 24 hour notice for showings.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
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2,691SQFT
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$279$/SQFT
Description
JBMP Group is pleased to extend to qualified investors the opportunity to acquire 2478 Frankford Ave, a 3 unit value-add development located in the heart of Fishtown, Philadelphia. The Property presents the unique opportunity to acquire a well located, cash flowing investment with significant upside potential located in the highly sought after 19125 zip code. The Property is perfectly positioned in the market as a convenient and affordable option for graduate students and young professional renters as rates in 19125 continue to increase dramatically year-over-year. The new owner will have the opportunity to complete cosmetic updates on the units with minor layout changes to increase the rent roll to market rates. The unit mix consists of two (2) two bedroom units, and one (1) three bedroom units. Each unit in the proposed renovation plan would remove a bedroom and bathroom, bringing the layouts up to market expectations with an open-concept floorplan and modern finishes. 3D tours in media section; OM available by request. 24 hour notice for showings.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-05-31T11:57:40.437.