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    821 N Franklin Street

    PHILADELPHIA, PA 19123
    • $949,999
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: PAPH1002402
    UPDATED: 42 min ago
    $949,999
    • 6
      BEDS
    • 0.04
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,216
      SQFT
    • $295
      $/SQFT
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    1915
    County:

    School Ratings & Info

    Description

    821 N Franklin Street, a four-unit multifamily property located in the Northern Liberties neighborhood of Philadelphia, Pennsylvania. This 3,200 SF building was fully renovated in 2017, including the addition of a roof deck for the top unit. This property is well positioned to continue to maintain strong occupancy and rent appreciation while requiring minimal maintenance and upkeep. It is an incredible balance of stability and upside, as the current rental rates are under market for this quality of product in Northern Liberties. Northern Liberties has been one of the most in demand residential neighborhoods for years. Rental growth has been unmatched as rents on a per square foot basis have continually grown at roughly 5% year over year. 821 N Franklin Street greatly benefits from this exposure, and offers a new investor an immediate opportunity to increase rents. The top unit has a tenant scheduled to take possession in May, and the other three current tenants are in place on month-to-month leases, creating a significant opportunity to lease out each of those units with fresh terms and simultaneously increasing rents. This presents an immediate value add opportunity with a recently renovated property in one of the most prominent neighborhoods in Philadelphia. Please reach out for the full offering brochure with more information.

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    ©2021 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 Certificate Homes | RE/MAX Realty Services. 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: 2021-04-18T09:52:20.143.
    www.certificatehomes.com/homes/115721450
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    821 N Franklin Street PHILADELPHIA, PA 19123

    • Price: $949,999
    • Status: Active
    • Updated: 42 min ago
    • ID#: PAPH1002402
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.04
    Acres
    3,216
    SQFT
    $295
    $/SQFT
    1915
    Built
    Neighborhood:
    Northern Liberties
    County:
    Philadelphia
    Area:
    19123 (19123)
    School District:
    The School District Of Philadelphia
    Property Description
    821 N Franklin Street, a four-unit multifamily property located in the Northern Liberties neighborhood of Philadelphia, Pennsylvania. This 3,200 SF building was fully renovated in 2017, including the addition of a roof deck for the top unit. This property is well positioned to continue to maintain strong occupancy and rent appreciation while requiring minimal maintenance and upkeep. It is an incredible balance of stability and upside, as the current rental rates are under market for this quality of product in Northern Liberties. Northern Liberties has been one of the most in demand residential neighborhoods for years. Rental growth has been unmatched as rents on a per square foot basis have continually grown at roughly 5% year over year. 821 N Franklin Street greatly benefits from this exposure, and offers a new investor an immediate opportunity to increase rents. The top unit has a tenant scheduled to take possession in May, and the other three current tenants are in place on month-to-month leases, creating a significant opportunity to lease out each of those units with fresh terms and simultaneously increasing rents. This presents an immediate value add opportunity with a recently renovated property in one of the most prominent neighborhoods in Philadelphia. Please reach out for the full offering brochure with more information.
    Exterior Features

    Architectural Style Traditional Construction Materials MasonryBrickStucco Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3216 Appliances Built-In MicrowaveBuilt-In RangeDishwasherDryer - ElectricWasher Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Furnished No Heating Central Heating YN Yes Interior Features Wood Floors Laundry Type BasementDryer In UnitWasher In Unit Levels 3 Main Level Bedrooms 3 Upper Level1 Bedrooms 3

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 304540738295 Ownership Interest Fee Simple Possession Negotiable Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 12180.00 Tax Assessment Amount 870100.00 Tax Lot 72 Vacation Rental YN No Water Source Public Zoning Rm1

    Listing courtesy of Space & Company.


    ©2021 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 Certificate Homes | RE/MAX Realty Services. 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: 2021-04-18T09:52:20.143.
     
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