$745,000
$769,900
3.2%For more information regarding the value of a property, please contact us for a free consultation.
1211 N FRANKLIN ST Philadelphia, PA 19122
3,500 SqFt
Key Details
Sold Price $745,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $212
Subdivision South Kensington
MLS Listing ID 1003211765
Sold Date 03/22/17
Style Other
HOA Y/N N
Abv Grd Liv Area 3,500
Originating Board TREND
Year Built 2017
Annual Tax Amount $816
Tax Year 2016
Lot Size 1,368 Sqft
Acres 0.03
Lot Dimensions 16X87
Property Description
Rarely offered new construction triplex in South Kensington/Northern Liberties perfect for investors or owner occupants. This ideal investment property is located just a few steps from Girard Ave creating a convenient lifestyle with easy access to transportation and a short walk to all of the action in Fishtown and Northern Liberties. This property features 3 units constructed with quality craftsmanship and upgraded finishes throughout and includes approved 10 Year Tax Abatement. Total projected rents at approximately $5350/month or $64,000/annually. All units have separate utilities including separate water meters. Each unit includes finished in place hardwood flooring, upgraded kitchens with European styled cabinets, quartz countertops, subway tile backsplash, stainless steel appliances, custom metal railings, washer/dryer in each unit, and video intercoms. Exterior recessed entry is constructed of high-end Brazilian Ipe hardwood siding. Bathrooms have modern 12x24 porcelain tile and brushed nickel plumbing fixtures. Unit 1 includes a bi-level 3bd/2ba with private rear yard $1950/month - Unit 2 includes 2bd/1ba $1625/month - Unit 3 includes 2bd/1ba with private roof deck and center city skyline views $1775/month. A savvy investor could also convert this building into condos and sell each unit for over 300K. Units are currently listed for rent so the building may be delivered fully occupied or can be delivered with vacant units for owner occupants. Possibilities are endless for this great investment opportunity in one of Philly's hottest neighborhoods.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full, Fully Finished
Interior
Interior Features Sprinkler System
Hot Water Electric
Heating Electric, Forced Air
Cooling Central A/C
Flooring Wood, Tile/Brick
Fireplace N
Heat Source Electric
Laundry Washer In Unit, Dryer In Unit
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 141064200
Ownership Fee Simple
Security Features Intercom
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Bought with Christopher E Carnall • Keller Williams Main Line
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